Fact Source: Financial Supervisory Service DART
💡 3-Second Summary
This filing discloses Hanwha Ocean’s decision to provide KRW 390B in collateral—pledging 724,000 shares of Yangyang Suri Wind Power Co., Ltd. and project-related contractual receivables—to secure PF loans associated with the Yangyang Suri Onshore Wind Power Project acquired from Hanwha Corporation.
📊 [Key Disclosure Highlights & Summary]
- Filing Type: Decision on Provision of Collateral for Others
- Debtor: Yangyang Suri Wind Power Co., Ltd. (Relationship: None)
- Creditors: Kookmin Bank, Shinhan Bank, Kyobo Life Insurance Co., Ltd., Private Equity Investment Trusts, and Policy Fund Lenders
- Debt (Borrowing) Amount: KRW 325,000,000,000
- Collateral Setting Amount: KRW 390,000,000,000
- Total Equity: KRW 4,312,157,120,697 (Based on FY2023 consolidated financial statements)
- Collateral-to-Equity Ratio: 9.0%
- Pledged Assets:
- 724,000 shares of Yangyang Suri Wind Power Co., Ltd.
- All receivables acquired or to be acquired under contracts executed or to be executed with third parties by the collateral pledgor in connection with the project
- Collateral Period: December 1, 2024 – March 31, 2045 (Start date is expected business transfer closing date; end date is principal and interest maturity date)
- Total Outstanding Collateral Balance: –
- Board Resolution Date: November 21, 2024 (All 5 Outside Directors present, Auditors present)
[Debtor Summary Financials & PF Details]
- Debtor Financial Summary (Current Year): Total Assets KRW 114,713M, Total Liabilities KRW 79,521M, Total Equity KRW 35,192M, Capital Stock KRW 36,200M, Revenue KRW 0, Net Loss KRW -823M
- PF Type & Amount: Other PF Loan KRW 325,000,000 (As stated in the disclosure’s project financing table)
- Other Material Notes:
- Collateral commitment assumed following the transfer of contracts under the wind business acquisition agreement executed with Hanwha Corporation on April 3, 2024.
- Start date aligns with the business transfer closing date; end date coincides with final loan repayment.
📝 Editor’s Comment (Key Follow-up Checkpoint)
📌 Business Acquisition Closing and Long-term Collateral Obligation Assessment
This collateral provision reflects the assumption of existing project financing security obligations tied to the acquisition of the onshore wind business, making it essential to monitor whether the business transfer completes smoothly after the target date (December 1, 2024) and the project shifts to stable operations. Verification of these conditions is critical to evaluate the long-term asset encumbrance and contingent risk profile through 2045. Relevant operational updates and financial details can be verified through future regular financial reports (Quarterly, Semi-Annual, or Annual Business Reports) or subsequent official public disclosures.
📢 Disclaimer & Source Notice
Source: This content was newly structured based on official data submitted to the Financial Supervisory Service’s DART system.
Investment Risk Warning: This content 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 compliance inquiries or copyright requests, please contact ksb220805@gmail.com.
