Fact Source: Financial Supervisory Service DART
💡 3-Second Summary
Hanwha Ocean has filed a corrected disclosure updating the authorized share limit to 10,000 shares and changing the payment date to undecided (to be disclosed via amended filing once finalized) regarding the capital increase of its 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 Capital Increase by Subsidiary (April 19, 2024)
- Reason for Correction: Change in payment date, revision of authorized share count
- Major Corrected Items:
- Share Price Determination Method (Authorized Share Limit): Determined within the limit of 5,000 authorized shares before correction → Determined within the limit of 10,000 authorized shares after correction
- Payment Date: December 31, 2024, before correction → Undecided after correction (to be disclosed via amended filing once final completion date is fixed)
- Subsidiary Details:
- Subsidiary Name: Hanwha Ocean USA Holdings Corp. (CEO: Yeon-Seong Jang / Main Business: Maritime service)
- Major Subsidiary Status: N/A (Newly incorporated in 2023)
- Capital Increase Details:
- Class and Number of New Shares: Common stock 1,351 shares
- Par Value per Share: KRW 1,346 (1 USD / Exchange rate of KRW 1,345.80/USD applied)
- Total Issued Shares Before Capital Increase: Common stock 1 share
- Use of Proceeds by Purpose:
- Operating Funds: KRW 134,580,000 (approx. KRW 134.6M)
- Acquisition of Securities of Other Corporations: KRW 181,683,000,000 (approx. KRW 181.7B)
- Capital Increase Method: Capital Increase by Shareholder Allocation (Number of new shares allocated per share: 1,351)
- Issue Price per New Share: KRW 134,580,000 (USD 100,000)
- Board Resolution Date: March 27, 2024 (US local time)
- Other Important Notes:
- Purpose is to secure operating funds and investment capital for the 100%-owned subsidiary
- Converted KRW amounts apply the exchange rate as of March 28, 2024 (1 USD = KRW 1,345.80) and may fluctuate based on exchange rates at actual execution
- Exempt from Securities Registration Statement requirement as a foreign unlisted entity
- Related Disclosure: April 19, 2024 (Decision on Capital Increase by Subsidiary)
📝 Editor’s Comment (Key Follow-up Checkpoint)
📌 Verification of Authorized Share Limit Revision and Subsequent Filings for Confirmed Payment Date
This correction filing notifies the market that the authorized share limit for the subsidiary’s capital increase was updated to 10,000 shares and that the payment date was changed to undecided, with a corrected disclosure scheduled once the final completion date is confirmed. Verifying whether a subsequent corrected disclosure is filed with the finalized payment date is essential for tracking the actual execution progress of the initially disclosed capital increase terms. 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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