Fact Source: Financial Supervisory Service DART / 2026-04-03
Disclosure Type: Decision on Disposal of Shares and Equity Securities of Other Corporations (Corrected Report)
💡 3-Second Summary
Hanwha Systems has filed an amended disclosure confirming the final terms for the disposal of 13,281,250 Hanwha Ocean shares for KRW 1.700T and the execution of a 1-year Price Return Swap (PRS) contract with the buyers.
📊 1. [Key Disclosure Contents & Summary Metrics]
- Corrected Report: Major Business Report (Decision on Disposal of Shares and Equity Securities of Other Corporations) (Original Filing Date: March 06, 2026)
- Reason for Amendment: Correction of details following finalization of disposal terms
- Target Entity: Hanwha Ocean Co., Ltd. (Affiliate)
- Key Changes in Disposal Terms:
- Number of Shares to Dispose: Corrected from 13,923,011 shares to 13,281,250 shares
- Total Disposal Amount: Finalized from KRW 1,699,999,643,100 to KRW 1,700,000,000,000 (KRW 1.700T)
- Remaining Shares & Stake Post-Disposal: 22,169,660 shares / 7.24% (Previously 21,527,899 shares / 7.03%)
- Purpose of Disposal: Securing liquidity and strategic investment funds
- Transaction Method & Settlement: Off-hours block trade / Cash payment (Settlement Date: April 08, 2026)
- Price Return Swap (PRS) Final Contract Terms:
- Underlying Asset: 13,281,250 common shares of Hanwha Ocean Co., Ltd.
- Base Price: KRW 128,000 (Based on April 03, 2026 closing price)
- Settlement Structure: Difference between selling base amount and settlement base amount upon buyer’s sale of shares
- Contract Duration: 1 year
- Counterparties: The Sara First Co., Ltd. and 6 other special purpose entities (Total 7 entities)
📈 2. [Expert View: What This Disclosure Means for Investors]
This amended disclosure updates the preliminary terms resolved on March 6, 2026, by applying Hanwha Ocean’s closing share price on April 3, 2026 (KRW 128,000) to finalize the number of disposed shares, total transaction value, and parameters of the accompanying Price Return Swap (PRS) agreement.
The finalized disposal amount of KRW 1.700T equals 70.35% of Hanwha Systems’ equity, reflecting a major asset re-allocation designed to secure liquid funds. Furthermore, the 1-year PRS agreement entails price adjustment mechanisms based on the base price of KRW 128,000 upon future share sales by the buyers. Market participants can verify the finalized parameters and track the completion of the settlement scheduled for April 8, 2026.
📝 Editor’s Comment (by K-STOCK Editor)
An amended disposal disclosure records the final parameters of a major asset sale once market-based pricing conditions become locked in. Through this update, Hanwha Systems confirms a final transaction size of KRW 1.700T for 13,281,250 shares of Hanwha Ocean, establishing its remaining equity stake at 7.24%.
For readers, the primary follow-up step is checking whether the stock transfer and cash settlement proceed as scheduled on April 08, 2026. As the 1-year PRS contract framework is explicitly specified in the filing, tracking subsequent periodic financial statements and related regulatory filings will offer verification of ongoing contract fulfillment.
📢 Disclaimer & Source Notice
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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