Fact Source: Financial Supervisory Service DART
💡 3-Second Summary
Hanwha Ocean’s 100%-owned U.S. subsidiary, Hanwha Ocean USA Holdings Corp., decided on a rights issue worth KRW 181.8B to secure operating capital (approx. KRW 4.3B) and funds to acquire securities of other corporations (approx. KRW 177.5B).
📊 [Key Disclosure Contents & Major Figures Summary]
- Disclosure Type: Decision on Paid-in Capital Increase (Major Management Matters of Subsidiary)
- Reporting Entity: Subsidiary Hanwha Ocean USA Holdings Corp.
- Type & Number of New Shares: Common Stock 1,351 shares
- Par Value per Share: KRW 1,346 (USD 1)
- Total Shares Issued Prior to Increase: Common Stock 1 share
- Purpose of Fund Raising:
- Operating Capital: KRW 4,306,560,000 (KRW 4.31B)
- Securities Acquisition Funds for Other Corporations: KRW 177,511,020,000 (KRW 177.51B)
- Total Funds Raised: KRW 181,817,580,000 (KRW 181.82B)
- Method of Capital Increase: Rights Issue (Allocation to Existing Shareholders)
- Issue Price per Share (Confirmed): Common Stock KRW 134,580,000 per share
- New Shares Allocated per Share: 1,351 shares
- Payment Date: 2024-12-31
- Board Resolution Date: 2024-03-27 (Approval date by the U.S. Board of Directors)
[Other Key Information]
- This transaction is a decision on a paid-in capital increase to secure operating capital and investment funds for Hanwha Ocean USA Holdings Corp., a 100%-owned subsidiary of Hanwha Ocean.
- Par value per share, fund allocation purposes, and issue prices were converted to KRW using the exchange rate as of March 28, 2024 (USD 1 = KRW 1,345.80) and are subject to change based on actual FX rates at payment.
- The payment date (December 31, 2024) is the scheduled final completion date, with capital injections to proceed in installments according to business progress.
- Total asset entries for the subsidiary (Hanwha Ocean USA Holdings Corp.) were omitted as it was established in 2023.
- Controlling company (Hanwha Ocean) consolidated total assets stand at KRW 12.24T (KRW 12,235,700,000,000, based on FY2022 consolidated financial statements).
📝 Editor’s Comment (Key Follow-up Checkpoint)
📌 Payment Execution and Completion of Rights Issue in Installments
This disclosure reports the decision by Hanwha Ocean’s U.S. subsidiary to proceed with a rights issue to acquire securities in another entity and secure operating capital. Verifying whether the capital increase payments are fully executed in installments by the final scheduled payment date of December 31, 2024, is important for determining whether the transaction has been properly finalized. Further progress can be tracked through subsequent regulatory disclosures or regular periodic reports (Quarterly, Half-Yearly, or Annual Reports).
📢 Disclaimer & Source Information
Source: This content was 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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