Hanwha Systems Receives 528 Billion KRW Real Estate Collateral from Affiliate REC Data Center to Secure Construction Contract
Hanwha Systems decided to receive a second-priority beneficial interest in a real estate trust from its affiliate REC Data Center to secure the performance of a construction contract worth 52.8 billion KRW to be signed in July 2026.
The collateral limit is 633.6 billion KRW, which is 120% of the collateral amount of 528 billion KRW, and the collateral period is approximately 23 months from the trust agreement date.
The transaction was approved by the internal transaction committee with all outside directors present, enhancing transparency in affiliate transactions.
[AI Summary]Hanwha Systems secured a 528 billion KRW real estate collateral from affiliate REC Data Center to back a construction contract, reducing business risk without diluting shareholder value. This move strengthens its order backlog with no immediate financial burden, while governance transparency was ensured by outside director approval.