Fact Source: Financial Supervisory Service DART / KOSCOM
💡 3-Second Summary
This filing discloses that Hanwha Ocean’s U.S. subsidiary, Hanwha Ocean USA Holdings Corp., decided to participate in a rights issue for its affiliate Hanwha Ocean USA International LLC, committing a capital contribution of approximately KRW 363.3B (USD 250M).
📊 [Key Disclosure Highlights & Summary]
- Filing Type: Decision on Acquisition of Securities of Other Corporations (Major Matters of Subsidiary)
- Subsidiary Name: Hanwha Ocean USA Holdings Corp. (Representative: Seok-Won Lee / Core Business: Maritime Service)
- Issuing Company Name: Hanwha Ocean USA International LLC (U.S. Affiliate / Representative: Seok-Won Lee / Core Business: Maritime Service)
- Decision Date: June 13, 2024 (Board approval date of the subsidiary)
[Detailed Terms of Acquisition]
- Acquisition Value: KRW 363,300,000,000 (USD 250,000,000; applied exchange rate of USD 1 = KRW 1,371.00 as of June 14, 2024; rounded to the nearest hundred million KRW)
- Ratio to Consolidated Assets of Parent: 2.6% (Based on parent’s FY2023 consolidated assets of KRW 13.945T)
- Acquisition Method: Participation in shareholder-allocated rights offering (Cash acquisition)
- Purpose of Acquisition: Participation in capital increase to secure operating funds and investment capital
- Expected Acquisition Completion Date: December 31, 2024 (Target completion date; capital will be injected in installments based on project progress)
[Other Material Notes]
- Summary financial statements omitted as the issuing entity was newly established in 2023.
- The KRW conversion value may fluctuate depending on exchange rates at the time of actual capital injections.
- Subsidiary asset total (KRW 0) reflects the March 31, 2024 settlement date; a USD 17.3M contribution was completed on April 4, 2024.
- Related Disclosures: June 14, 2024 – Decision on Paid-in Capital Increase (Major Matters of Subsidiary)
📝 Editor’s Comment (Key Follow-up Checkpoint)
📌 Verification of Installment Injections and Final Completion Status
This filing details a capital contribution of approximately KRW 363.3B to an affiliate in installments to provide operating funds and investment capital, making it essential to monitor whether the capital injections are completed as planned by the target date (December 31, 2024) in line with project progress. Verifying these developments is necessary because it serves as the benchmark to confirm the execution status of the subsidiary’s financing and capital injection plan. Detailed capital contribution updates can be confirmed through future regular financial reports (Quarterly, Semi-Annual, or Annual Business Reports) or subsequent official public disclosures.
📢 Disclaimer & Source Notice
Source: This content was newly structured based on official data submitted to the Financial Supervisory Service’s DART system and KOSCOM.
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