Fact Source: Financial Supervisory Service DART
💡 3-Second Summary
Hanwha Ocean has filed a corrected disclosure updating the end date of its KRW 234.2B monetary loan to its affiliate (Hanwha Ocean SG Holdings Pte. Ltd.) to January 8, 2025.
📊 [Key Disclosure Details & Financial Highlights]
- Correction Classification: Corrected Filing (Report)
- Correction Filing Date: January 8, 2025
- Original Disclosure Document & Date: Decision on Monetary Loan (November 26, 2024)
- Reason for Correction: Correction due to the termination of the monetary loan
- Corrected Items:
- End Date of Loan Period (Before Correction): January 27, 2025
- End Date of Loan Period (After Correction): January 8, 2025
- Basic Loan Details:
- Debtor: Hanwha Ocean SG Holdings Pte. Ltd. (Relationship: Affiliated Company)
- Transaction Date: September 11, 2024
- Loan Amount: KRW 234,209,384,901 (approx. KRW 234.2B / SGD 227,275,218, applying exchange rate of 1 SGD = KRW 1,030.51)
- Total Equity: KRW 4,312,157,120,697 (approx. KRW 4.31T, as of FY2023 consolidated financials)
- Loan Amount to Equity Ratio: 5.4%
- Interest Rate: 4.6% per annum (overdraft interest rate under Corporate Tax Act)
- Loan Period: September 11, 2024 – January 8, 2025
- Purpose of Loan: Shareholder loan to fund the affiliate’s business acquisition (tender offer for shares of Dyna-Mac Holdings Ltd.)
- Total Remaining Loan Balance: KRW 234,209,384,901 (approx. KRW 234.2B)
- Board Resolution Date: September 11, 2024 (4 Outside Directors attended, 1 absent)
- Other Important Notes:
- Debtor entity (Hanwha Ocean SG Holdings Pte. Ltd.) is a newly incorporated company in 2024
- Related Disclosures: September 11, October 14, November 21, and November 26, 2024 (Decision on Monetary Loan)
📝 Editor’s Comment (Key Follow-up Checkpoint)
📌 Verification of Loan Period Revision and Related Transaction Balances
This correction filing notifies the market that the end date of the monetary loan provided to the affiliate was revised from the originally scheduled January 27, 2025, to January 8, 2025. Verifying whether the loan period was modified as disclosed is essential for tracking changes to the initially disclosed loan 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).
Investment Disclaimer: This material is provided for informational and linguistic reference purposes only. Under no circumstances does it constitute financial advice or a recommendation to buy or sell specific stocks. All investment decisions and financial responsibilities rest solely with the investor.
Contact: For regulatory compliance inquiries or copyright concerns, please contact ksb220805@gmail.com.
