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.
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.
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)