Fact Source: Financial Supervisory Service DART
💡 3-Second Summary
This filing discloses an amendment to Hanwha Ocean’s business acquisition of the plant business from Hanwha Corporation, modifying the net asset settlement timing terms from “within 2 months from closing” to “within 2 months from closing or on a date separately agreed upon by the parties.”
📊 [Key Disclosure Highlights & Summary]
- Filing Type: Other Management Matters (Voluntary Disclosure – Amendment)
- Related Filing Submission Date: April 3, 2024
- Reason for Amendment: Correction of disclosure items due to changes in settlement schedule
- Key Revisions (Plant Business Acquisition):
- Settlement Timing Terms: (Before) Within 2 months from closing date → (After) Within 2 months from closing date or on a date separately agreed upon by the parties
[Detailed Acquisition Terms]
- Purpose of Acquisition: Strengthening business competitiveness through the acquisition of wind power and plant businesses
- Transferor: Hanwha Corporation (Affiliate of Hanwha Ocean)
- Board Decision Date: April 3, 2024
- Plant Business Acquisition (Subject of Amendment)
- Scope of Acquisition: Assets, liabilities, contracts, and permits related to the plant business
- Acquisition Price: KRW 214.4B (Subject to final adjustment based on net asset settlement)
- Ratio to Recent Total Assets: 1.5% (Based on FY2023 consolidated assets of KRW 13.945T)
- Expected Acquisition Date: July 1, 2024
- Wind Power Business Acquisition
- Scope of Acquisition: Assets, liabilities, contracts, and permits related to the wind power business
- Acquisition Price: KRW 188.1B (Subject to net asset settlement within 2 months of closing)
- Ratio to Recent Total Assets: 1.3%
- Expected Acquisition Date: October 1, 2024
[Other Material Notes]
- This transaction does not fall under Article 374 of the Commercial Code and does not require shareholder approval.
- The single sales and supply contract disclosed by Hanwha Corporation on February 19, 2024, will also be transferred to Hanwha Ocean in connection with the wind power business acquisition.
- Regarding the plant business acquisition, a separate agreement was executed with Hanwha Corporation on July 1, 2024, regarding potential liquidated damages (Hanwha Corporation indemnifies up to 10% of total contract value if liquidated damages occur).
📝 Editor’s Comment (Key Follow-up Checkpoint)
📌 Verification of Settlement Completion Following Revised Timeline for Plant Business
This amendment modifies the net asset settlement timing terms for the plant business acquisition from Hanwha Corporation, making it essential to monitor whether the net-asset-based settlement is completed and the final purchase price is finalized according to the timeline agreed upon by the parties. Verification of these steps is necessary to track the final transaction price adjustment. Relevant settlement completion updates can be verified through future regular financial reports (Quarterly, Semi-Annual, or Annual Business Reports) or subsequent official public disclosures.
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Source: This content was newly structured based on official data submitted to the Financial Supervisory Service’s DART system.
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