Fact Source: Financial Supervisory Service DART
💡 3-Second Summary
Hanwha Ocean has filed a corrected disclosure updating the target acquisition date to undecided (to be disclosed via amended filing once finalized) regarding its participation in the capital increase of its US subsidiary (Hanwha Ocean USA Holdings Corp.).
📊 [Key Disclosure Details & Financial Highlights]
- Correction Classification: Corrected Filing (Report)
- Correction Filing Date: December 30, 2024
- Original Disclosure Document & Date: Decision on Acquisition of Shares or Equity Securities of Other Corporations (March 28, 2024)
- Reason for Correction: Change in target acquisition date
- Major Corrected Items:
- Target Acquisition Date: December 31, 2024, before correction → Undecided after correction (to be disclosed via amended filing once final completion date is fixed)
- Target Company Information:
- Company Name: Hanwha Ocean USA Holdings Corp. (Nationality: USA / CEO: Doo-Hyung Ryoo)
- Capital Stock: KRW 1,346 (1 USD / Exchange rate of KRW 1,345.80/USD applied)
- Total Issued Shares: 1 share
- Relationship: Affiliated Company (100%-owned subsidiary)
- Main Business: Maritime service
- Acquisition Details:
- Number of Shares to Acquire: 1,351 shares
- Acquisition Amount: KRW 181,817,580,000 (approx. KRW 181.8B / USD 135,100,000, exchange rate of KRW 1,345.80/USD applied)
- Total Equity: KRW 4,364,400,000,000 (approx. KRW 4.36T)
- Acquisition Amount to Total Equity Ratio: 4.2%
- Owned Shares & Equity Ratio Post-Acquisition: 1,352 shares (100.0%)
- Method of Acquisition: Participation in Rights Issue to Shareholders (Cash acquisition)
- Purpose of Acquisition: Participation in capital increase to secure operating funds and investment capital
- Board Resolution Date: March 28, 2024 (All 5 Outside Directors attended)
- Other Important Notes:
- Total equity reflects changes in capital stock and capital surplus up to the disclosure event date based on FY2022 consolidated financials
- Acquisition amount to total assets ratio is 1.5% based on FY2022 consolidated total assets (KRW 12.24T)
- Target entity is a newly incorporated company in 2023
- Related Disclosures: March 28, 2024 (Decision on Capital Increase by Subsidiary & Decision on Acquisition of Shares or Equity Securities of Other Corporations)
📝 Editor’s Comment (Key Follow-up Checkpoint)
📌 Verification of Target Acquisition Date Revision and Subsequent Filings
This correction disclosure notifies the market that the target acquisition date for the US subsidiary’s shares was changed to undecided, with an amended filing scheduled once the final completion date is confirmed. Verifying whether a subsequent corrected disclosure is filed with the finalized acquisition date in accordance with project progress is essential for tracking the actual execution status of the initially disclosed equity investment. Related details can be verified in upcoming official regular filings, including Quarterly, Half-Yearly, and Annual Reports.
📢 Disclaimer & Fact Source
Source: This content was structured and newly written based on officially submitted data from the Financial Supervisory Service’s Data Analysis, Retrieval and Transfer System (DART).
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