Fact Source: Financial Supervisory Service DART
💡 3-Second Summary
Hanwha Aerospace decided to execute a debt-to-equity swap converting its loans of approximately KRW 645.4B to its Singapore subsidiary (Hanwha Ocean SG Holdings) into shares, securing a 73.29% equity stake.
📊 [Key Disclosure Details & Summary of Figures]
- Company Name: Hanwha Aerospace Co., Ltd.
- Ticker Symbol: 012450
- Disclosure Type: Decision on Acquisition of Shares and Investment Securities of Other Corporation
- Disclosure Date: 2024-11-21
- Target Company: Hanwha Ocean SG Holdings Pte. Ltd. (Singapore / Affiliated Company)
- Number of Shares to Acquire: 622,880,756 shares
- Acquisition Amount: KRW 645.42B (KRW 645,422,810,560 / SGD 622,880,756, Exchange Rate: KRW 1,036.19/SGD)
- Ratio to Equity: 15.36% (Total Equity: KRW 4,202,487,983,666 as of September 30, 2024)
- Total Shares Held After Acquisition: 626,481,566 shares
- Equity Ratio After Acquisition: 73.29%
- Method of Acquisition: Participation in Third-Party Paid-in Capital Increase
- Purpose of Acquisition: Debt-to-Equity Swap (Converting loans initially disclosed on September 11, 2024 into equity)
- Scheduled Acquisition Date: 2024-11-26 (Scheduled capital payment date)
- Ratio of Acquisition Value to Total Assets: 3.30% (Total Assets: KRW 19,542,899,925,708)
- Board Resolution Date: 2024-11-21 (4 Outside Directors present)
📝 Editor’s Comment (Key Follow-up Checkpoint)
📌 Monitoring Completion of Debt-to-Equity Swap and Finalized Ownership Stake
This disclosure outlines a debt-to-equity swap converting existing loans provided to the Singapore subsidiary into shares, through which the company will secure a 73.29% ownership stake. Verifying whether the capital contribution is finalized on the scheduled payment date (November 26, 2024) is important for understanding the company’s loan recovery process and ownership structure in the subsidiary. Progress can be verified in the “Status of Investment in Other Corporations” section and notes to financial statements in upcoming Periodic Reports (Quarterly, Half-Yearly, or Annual Business Reports) or subsequent disclosures.
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Source: This content was newly structured and generated based on official submission data from the Financial Supervisory Service’s Data Analysis, Retrieval and Transfer System (DART).
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