Fact Source: Financial Supervisory Service DART / KOSCOM
💡 3-Second Summary
This filing discloses Hanwha Ocean’s decision to execute a third-party paid-in capital increase issuing 69,809 common shares (raising approximately KRW 2.82B) for a debt-for-equity swap with corporate bondholders.
📊 [Key Disclosure Highlights & Summary]
- Filing Type: Major Matters Report (Decision on Paid-in Capital Increase)
- Board Resolution Date: June 14, 2024
- Capital Increase Method: Third-Party Paid-in Capital Increase (Debt-for-equity swap with corporate bondholders)
[Detailed Terms of Capital Increase]
- Number of New Shares: 69,809 common shares (Total shares before increase: 306,358,899 shares)
- Par Value per Share: KRW 5,000
- Issue Price per Share: KRW 40,350 (Applied a 10% discount rate to the reference price of KRW 44,800)
- Capital Amount Raised: Other Funds KRW 2,816,793,150 (Approx. KRW 2.82B)
- Purpose of Funds: Capital expansion for financial structure improvement (Executed via offset against debt)
- Payment Date: July 10, 2024
- Expected Listing Date: July 25, 2024
- Target Allocation: Corporate bond investors (Allocated shares: 69,809 shares)
[Other Material Notes]
- The issue price (KRW 40,350) reflects the fixed price agreed upon during the April 2017 bondholders’ meeting and agreement among creditor banks.
- Payment for new shares will be executed by offsetting the subscribers’ bond claims against their share payment obligations.
- Allocated shares (69,809 shares) represent the maximum theoretical 100% conversion rate; any unsubscribed shares following actual subscription will be treated as unissued, with revised figures to be refiled.
📝 Editor’s Comment (Key Follow-up Checkpoint)
📌 Verification of Final Subscription Results and Payment Completion
This filing details a third-party paid-in capital increase to execute a debt-for-equity swap for corporate bonds, making it essential to monitor the final number of newly issued shares and capital amount confirmed after actual subscriptions. Verifying these developments is necessary because it serves as the benchmark to evaluate the actual execution rate of the debt-for-equity swap against the theoretical maximum allocation (69,809 shares). Detailed subscription results and finalized issuance numbers can be confirmed through future amendment filings, issuance result disclosures, or regular financial reports (Quarterly, Semi-Annual, or Annual Business Reports).
📢 Disclaimer & Source Notice
Source: This content was newly structured based on official data submitted to the Financial Supervisory Service’s DART system and KOSCOM.
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