Fact Source: Financial Supervisory Service DART
💡 3-Second Summary
Hanwha Ocean decided to participate in a rights issue (cash acquisition) worth approximately KRW 181.8B (USD 135.1M) for its 100%-owned U.S. subsidiary, Hanwha Ocean USA Holdings Corp., to provide operating capital and investment funds.
📊 [Key Disclosure Contents & Major Figures Summary]
- Disclosure Type: Decision on Acquisition of Shares and Equity Securities of Other Corporation
- Issuing Company Details:
- Company Name: Hanwha Ocean USA Holdings Corp.
- Nationality / CEO: U.S. / Doo-Hyung Ryu
- Relationship with Company: Affiliate (100%-owned subsidiary)
- Primary Business: Maritime service
- Total Shares Issued Prior to Acquisition: Common Stock 1 share
- Capital Stock: KRW 1,346 (USD 1)
- Acquisition Details & Amount:
- Number of Shares Acquired: 1,351 shares (Common Stock)
- Acquisition Amount: KRW 181,817,580,000 (KRW 181.8B / USD 135,100,000)
- Controlling Company Equity: KRW 4.36T (KRW 4,364,400,000,000)
- Ratio to Equity: 4.17% (approx. 4.2%)
- Acquisition Method: Participation in Rights Issue (Cash Acquisition)
- Purpose of Acquisition: Participation in rights issue to secure operating capital and investment funds
- Expected Acquisition Date: 2024-12-31
- Post-Acquisition Holdings & Ownership Percentage:
- Total Shares Owned: 1,352 shares
- Ownership Percentage: 100.0%
- Board Resolution Date: 2024-03-28 (5 Outside Directors attended)
[Other Key Information]
- This transaction represents Hanwha Ocean’s capital contribution to a rights issue held by its 100%-owned subsidiary, Hanwha Ocean USA Holdings Corp.
- The acquisition amount and capital stock were converted to KRW applying the exchange rate as of the Board Resolution Date (March 28, 2024: USD 1 = KRW 1,345.80).
- The expected acquisition date (December 31, 2024) is the scheduled final completion date, with capital contributions to proceed in installments according to business progress.
- Financial statements for the issuing company were omitted as it was established in 2023.
- Equity and recent total assets (KRW 12.24T / KRW 12,235,700,000,000) are based on FY2022 consolidated financial statements.
📝 Editor’s Comment (Key Follow-up Checkpoint)
📌 Capital Contribution Execution and Funding Completion for U.S. Subsidiary
This disclosure details Hanwha Ocean’s participation in a rights issue to inject operating and investment capital into its 100%-owned U.S. subsidiary. Verifying whether the planned capital contributions are fully executed in installments by the final expected acquisition date of December 31, 2024, is important for determining whether the transaction with the overseas subsidiary has been properly completed. 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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