Fact Source: Financial Supervisory Service DART
💡 3-Second Summary
Hanwha Ocean’s subsidiary, Hanwha Ocean USA Holdings Corp., has resolved to participate in a paid-in capital increase and acquire equity in Hanwha Ocean USA International LLC for approximately KRW 164.0B to provide working capital and investment funds.
📊 [Key Disclosure Details & Financial Figures]
- Acquiring Entity (Subsidiary): Hanwha Ocean USA Holdings Corp.
- Target Company (Issuing Company): Hanwha Ocean USA International LLC (Nationality: USA / CEO: Yeong Seong Jang / Main Business: Maritime Service / Relationship with Company: Affiliate)
- Acquisition Details:
- Acquisition Amount: KRW 164,040,453,890 (USD 110,390,615 / Approx. KRW 164.0B)
- Ratio to Total Assets: 0.9% (Based on parent company’s end-2024 consolidated total assets of KRW 17,843,809,161,295)
- Number of Shares Acquired & Ownership Ratio: Equity acquisition via capital contribution; number of shares and ownership ratio not stated (-)
- Method & Purpose of Acquisition:
- Method: Acquisition of equity through capital contribution
- Purpose: Participation in paid-in capital increase to secure working capital and investment resources
- Scheduled Acquisition Date: December 31, 2026 (Reflects the final completion date; capital will be contributed in installments according to project progress)
- Board Resolution Date: March 19, 2026 (Approval date of Hanwha Ocean USA Holdings Corp.’s Board of Directors)
- Target Company Financial Summary (As of end-2024, Unit: KRW):
- Total Assets: KRW 473,376,445,725 / Total Liabilities: KRW 6,160,300,438 / Total Equity: KRW 467,216,145,287 / Capital Stock: KRW 441,258,110,000
- Revenue: KRW 1,972,153,720 / Net Loss: KRW -5,936,631,824
- Subsidiary Details (Hanwha Ocean USA Holdings Corp.):
- Subsidiary Total Assets: KRW 473,388,886,334 (2.7% of parent company’s consolidated total assets)
- Other Remarks:
- Involves the decision of Hanwha Ocean USA Holdings Corp. to contribute capital toward the paid-in capital increase of Hanwha Ocean USA International LLC (a 100% owned subsidiary) to secure working capital and investment resources
- Acquisition amount was converted using the standard exchange rate as of March 19, 2026 (1 USD = 1,486.0 KRW), and may vary based on actual exchange rates at the time of contribution
- Schedule and details are subject to change during implementation
📝 Editor’s Comment (Key Follow-up Checkpoint)
📌 Monitoring Capital Contribution Progress and Execution of Funds by the Target Company
Checking the progress of installment capital contributions up to the final scheduled date (December 31, 2026) alongside the target company’s (Hanwha Ocean USA International LLC) execution of funds is important because it allows investors to track installment contributions and verify fund deployment. Investors can verify further details through subsequent correction disclosures and periodic reports (Quarterly, Half-Yearly, and Annual Reports).
📢 Disclaimer and Source Notice
Source: This content was structured and newly generated based on official submission data from the Financial Supervisory Service DART system.
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