Hanwha Impact's U.S. corporation Hanwha Impact Partners has disposed of all its equity in Hanwha Ocean. Hanwha Impact Partners generated more than 1.7 trillion won in investment gains after approximately two years since Hanwha Group acquired Hanwha Ocean (then Daewoo Shipbuilding & Marine Engineering).
According to the Financial Supervisory Service's electronic disclosure system (DART) on the 5th, Hanwha Impact Partners sold 13,075,691 shares of Hanwha Ocean to overseas institutional investors through after-hours trading (block deal) after the market closed the previous day. The selling price was 107,100 won per share, totaling about 1.4 trillion won.
The equity stake held by Hanwha Aerospace, Hanwha Ocean's largest shareholder, and related parties has decreased from 46.28% to 42.01%.
As a result of this block deal, Hanwha Impact Partners has completely divested its equity in Hanwha Ocean. Hanwha Impact Partners invested about 400 billion won when Hanwha Group acquired Hanwha Ocean in May 2023. Subsequently, in August of the same year, it contributed an additional 125 billion won by participating in Hanwha Ocean's capital increase.
Afterward, Hanwha Ocean's stock price rose sharply due to a resurgence in the shipbuilding industry and expectations of synergy from Hanwha Group's defense business.
In March of this year, Hanwha Impact Partners sold 15,275,035 shares of Hanwha Ocean it had held to Hanwha Aerospace at a price of 58,100 won per share. Considering this block deal, Hanwha Impact Partners sold the Hanwha Ocean shares it purchased for 525 billion won for a total of 2.2879 trillion won, realizing a profit of about 1.7629 trillion won.
Hanwha Group explained that Hanwha Impact Partners plans to invest in the 'Make American Shipbuilding Great Again' (MASGA) project, a support initiative for the U.S. shipbuilding industry, with the funds secured from this transaction. The funds will also be used for liquefied natural gas (LNG) projects and loan repayments.
A representative of Hanwha Group noted, 'This is part of efforts to reorganize the situation so that Hanwha Ocean can leap to become a top-tier corporation.'