Fact Source: Financial Supervisory Service DART
💡 3-Second Summary
Hanwha Ocean has disclosed a correction updating the target acquisition date to undecided (to be disclosed via amended filing once finalized) regarding the equity investment by its US subsidiary (Hanwha Ocean USA Holdings Corp.) into Hanwha Ocean USA International LLC.
📊 [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 by Subsidiary (April 19, 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)
- Subsidiary (Disclosing Entity) Details:
- Subsidiary Name: Hanwha Ocean USA Holdings Corp. (CEO: Yeon-Seong Jang / Main Business: Maritime Service / 100%-owned subsidiary)
- Parent Consolidated Total Assets: KRW 13,944,800,000,000 (approx. KRW 13.94T, as of FY2023 consolidated financials)
- Target Company Information:
- Company Name: Hanwha Ocean USA International LLC (Nationality: USA / CEO: Yeon-Seong Jang / Main Business: Maritime Service)
- Relationship: Affiliated Company (Scheduled to become a subsidiary of Hanwha Ocean upon execution of this investment)
- Acquisition Details:
- Acquisition Amount: KRW 185,746,500,000 (approx. KRW 185.7B / USD 135,000,000, applying exchange rate of KRW 1,375.90/USD)
- Method of Acquisition: Participation in Rights Issue to Shareholders (Cash acquisition)
- Purpose of Acquisition: Participation in capital increase to secure investment capital
- Board Resolution Date: April 19, 2024 (Board approval date of Hanwha Ocean USA Holdings Corp.)
- Other Important Notes:
- Converted KRW amount applies the exchange rate as of April 19, 2024 (1 USD = KRW 1,375.90) and may fluctuate based on exchange rates at actual execution
- Both the target entity and the subsidiary (Hanwha Ocean USA Holdings Corp.) were newly incorporated in 2023
- Related Disclosure: April 19, 2024 (Decision on Acquisition of Shares or Equity Securities of Other Corporations by Subsidiary)
📝 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 subsidiary’s equity investment 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 subsidiary’s cross-border equity transaction. 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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