Fact Source: Financial Supervisory Service DART
💡 3-Second Summary
This filing discloses an amendment to Hanwha Ocean’s business acquisition of the wind power business from Hanwha Corporation, extending the expected acquisition date from October 1, 2024, to December 1, 2024, and modifying settlement timing terms.
📊 [Key Disclosure Highlights & Summary]
- Filing Type: Other Management Matters (Voluntary Disclosure – Amendment)
- Related Filing Submission Date: April 3, 2024
- Reason for Amendment: Correction of disclosure items due to changes in settlement and transfer schedule for the wind power business
- Key Revisions (Wind Power Business Acquisition):
- Expected Acquisition Date: (Before) October 1, 2024 → (After) December 1, 2024
- Settlement Timing Terms: (Before) Within 2 months from closing date → (After) Within 2 months from closing date or on a date separately agreed upon by the parties
[Detailed Acquisition Terms]
- Purpose of Acquisition: Strengthening business competitiveness through the acquisition of wind power and plant businesses
- Transferor: Hanwha Corporation (Affiliate of Hanwha Ocean)
- Board Decision Date: April 3, 2024
- Wind Power Business Acquisition
- Scope of Acquisition: Assets, liabilities, contracts, and permits related to the wind power business
- Acquisition Price: KRW 188.1B (Subject to final adjustment based on net assets within 2 months of closing or as agreed)
- Ratio to Recent Total Assets: 1.3% (Based on FY2023 consolidated assets of KRW 13.945T)
- Expected Acquisition Date: December 1, 2024
- Plant Business Acquisition
- Scope of Acquisition: Assets, liabilities, contracts, and permits related to the plant business
- Acquisition Price: KRW 214.4B (Net transaction value of KRW 210.0B after deducting KRW 4.4B settlement amount received from Hanwha Corporation)
- Ratio to Recent Total Assets: 1.5%
- Expected Acquisition Date: July 1, 2024
[Other Material Notes]
- This transaction does not fall under Article 374 of the Commercial Code and does not require shareholder approval.
- The single sales and supply contract disclosed by Hanwha Corporation on February 19, 2024, will also be transferred to Hanwha Ocean in connection with the wind power business acquisition.
- Regarding the plant business acquisition, a separate agreement was executed with Hanwha Corporation on July 1, 2024, regarding potential liquidated damages (Hanwha Corporation indemnifies up to 10% of total contract value if liquidated damages occur).
📝 Editor’s Comment (Key Follow-up Checkpoint)
📌 Verification of Transaction Closing and Final Settlement by Revised Date
This amendment extends the acquisition completion date for the wind power business from Hanwha Corporation by two months, making it essential to monitor whether the transaction closes smoothly by the revised target date (December 1, 2024) and whether subsequent net-asset-based settlement procedures are completed. Verification of these steps is necessary to evaluate the exact timing of business integration and the final purchase price adjustment. Relevant completion updates can be verified through future regular financial reports (Quarterly, Semi-Annual, or Annual Business Reports) or subsequent official public disclosures.
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Source: This content was newly structured based on official data submitted to the Financial Supervisory Service’s DART system.
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