Subsidiary Estel Union 1 Delays Final Payment for Hanwool Semiconductor Stake
- Subsidiary Estel Union 1 decided to acquire 9.01% (2,909,484 shares) of Hanwool Semiconductor for KRW 8 billion (voluntary disclosure), then corrected the final payment schedule.
- Original final payment date (2026-04-30) postponed to be re-disclosed later; specific date undetermined.
- Interim payments already made: 1st KRW 3 billion (2026-02-04), 2nd KRW 600 million (2026-03-10) → total KRW 3.6 billion paid; balance KRW 3.6 billion unpaid.
- Hanwool Semiconductor recorded net loss of KRW 20.85 billion in 2024 (vs. net profit of KRW 1.56 billion in previous year).
- Put option etc.: if shares sold above KRW 8 billion, 25% of excess profit to counterparty.
- Purpose: strengthen management rights; size 6.19% of consolidated assets.
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KOSDAQ Filing Information
- Filing: [Correction of Description] Decision on Acquisition of Stocks and Investment Securities of Other Corporations (Voluntary Disclosure) (Key Management Matters of Subsidiary)
- Company: HanWool Materials Science (091440)
- Submission: HanWool Materials Science, Inc.
- Receipt: 04-30-2026
- Under KRX KOSDAQ Market Division