Fact Source: Financial Supervisory Service DART
💡 3-Second Summary
Hanwha Systems has resolved to participate in a rights issue by its subsidiary, HS USA HOLDINGS CORP., acquiring 62,000 shares for KRW 84.63B (USD 62M). Following the acquisition, its ownership stake will remain at 100%.
📊 [Key Disclosure Details & Financial Highlights]
- Issuing Company Overview
- Company Name: HS USA HOLDINGS CORP. (Nationality: USA)
- Representative: Yeon-Bo Jeon
- Main Business: Management of overseas subsidiaries
- Relationship with Company: Subsidiary
- Capital Stock (as of end-2024): KRW 91,835,034,900
- Total Issued Shares (as of end-2024): 64,001 shares
- Acquisition Details
- Number of Shares to Acquire: 62,000 shares
- Acquisition Amount: KRW 84,630,000,000 (USD 62,000,000 / Exchange rate of KRW 1,365.00/USD applied)
- Total Equity (as of end-2024 Consolidated): KRW 2,416,416,895,456
- Acquisition Amount-to-Equity Ratio: 3.50%
- Large-Scale Corporation Classification: Applicable
- Post-Acquisition Ownership & Shareholding Ratio
- Total Shares Owned Post-Acquisition: 126,001 shares
- Post-Acquisition Ownership Stake: 100.00%
- Purpose & Method of Acquisition
- Acquisition Method: Participation in shareholder-allocated rights offering (Cash acquisition)
- Purpose of Acquisition: Participation in rights issue to provide funding for the subsidiary’s acquisition of equity in another corporation
- Expected Acquisition Date (Payment Date): July 3, 2025
- Other Important Matters
- Asset Transfer Report Required: No (Acquisition amount accounts for 1.48% of total consolidated assets of KRW 5.724T as of end-2024)
- Board Resolution Date: June 25, 2025 (3 Outside Directors present)
- Financial Summary of Issuing Company (2024): Total Assets KRW 94,022,878,740, Total Liabilities KRW 5,068,993,650, Total Equity KRW 88,953,885,090, Capital Stock KRW 91,835,034,900, Net Loss -KRW 4,754,679,489
📝 Editor’s Comment (Key Follow-up Checkpoint)
📌 Monitoring Subsidiary’s Equity Acquisition Progress and Periodic Report Updates
This transaction represents participation in a capital increase to provide funds for subsidiary HS USA HOLDINGS CORP. to acquire equity in another entity. Tracking whether the subsidiary successfully executes its planned equity acquisition following the fund injection is essential for assessing whether the investment purpose is achieved and evaluating its financial impact on the company. Related details can be reviewed in future periodic filings, such as quarterly, half-year, and annual reports.
📢 Disclaimer & Source Information
Source: This content was structured and generated based on official filings from the Financial Supervisory Service’s DART system.
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