Source Facts: Financial Supervisory Service DART / 2024-10-14
Disclosure Type: Decision on Loan to Related Party (Amendment)
💡 3-Second Summary
Hanwha Aerospace has filed an amendment updating the intercompany loan amount for its Singapore affiliate (Hanwha Ocean SG Holdings Pte. Ltd.) from approx. KRW 569.9B to approx. KRW 636.3B.
📊 1. Key Disclosure Details & Major Figures
- Borrower: Hanwha Ocean SG Holdings Pte. Ltd. (Singapore-based affiliate/subsidiary)
- Loan Amount: KRW 636,251,066,184 (approx. KRW 636.25B; SGD 617,413,772 converted at FX rate of 1,030.51 KRW/SGD as of Sept 11, 2024 / revised from KRW 569,909,514,801)
- Ratio to Equity: 13.58% (compared to 2023 year-end consolidated equity of KRW 4,684,225,317,909 / revised from 12.17%)
- Interest Rate: 4.6% per annum (standard overdraft interest rate under corporate tax rules)
- Loan Period: September 11, 2024 – June 10, 2025
- Purpose: Funding tender offer for acquisition of shares in Dyna-Mac Holdings Ltd. by the affiliate
- Total Outstanding Loan Balance: KRW 636,251,066,184
- Key Amendments: Loan amount revised (SGD 553,036,375 → SGD 617,413,772) and conditional clause regarding Singapore regulatory interest rate approval removed.
📈 2. Expert Perspective: What This Disclosure Means for Investors
This disclosure reports an amendment to an intercompany loan originally resolved on September 11, 2024, to provide shareholder loans for its Singapore subsidiary’s tender offer targeting Singapore-listed offshore structure builder Dyna-Mac Holdings Ltd.
Under the amended filing, the loan principal amount was changed from KRW 569.9B (SGD 553,036,375) to KRW 636.3B (SGD 617,413,772). As stated in the filing, disbursements are scheduled to occur in tranches over the loan tenure based on tender offer progress. Market participants can track the revised loan figures as disclosed through the June 10, 2025 maturity date.
📝 Editor’s Comment (by K-STOCK Editor)
Hanwha Aerospace has updated its loan filing for its Singapore holding entity, revising the reported loan principal to approximately KRW 636.3B. The amendment reflects updated figures for the intercompany loan supporting the subsidiary’s tender offer.
From an analytical standpoint, the filing provides revised financial metrics regarding the intercompany transaction as disclosed. Market participants can observe the execution of phased disbursements in accordance with the stated terms through the June 2025 maturity window.
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Source: This content was structured and newly compiled based on official data submitted to the Financial Supervisory Service’s DART system.
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