Hanwha Systems announced that its dependent company HS USA Holdings Corp. has decided to sell its stake in Hanwha Philly Shipyard Inc. for 325.18 billion won.

According to the regulatory filing, a total of 1,368 shares will be disposed of, with HS USA Holdings Corp. transferring its holdings to Hanwha Defense USA Shipbuilding, LLC. The transaction amount equals 3.15% of Hanwha Systems' consolidated total assets (10.327265554498 trillion won). Upon completion, HS USA Holdings Corp.'s shareholding and stake will both fall to zero.

The company explained that the purpose of the disposal is 'to secure liquidity for pursuing new business strategies.' The scheduled disposal date is October 31, though it may change depending on the circumstances of the parties involved.

The disposal price of 237.6 million U.S. dollars was determined based on a valuation by an external specialist institution selected by both the seller and the buyer. Converted to Korean won using the Seoul foreign exchange market's基准 exchange rate of 1,368.3 won per dollar as of September 17, the day before the board resolution, the actual disposal amount may vary depending on exchange rates at the time of the transaction.

Meanwhile, the issuer Hanwha Philly Shipyard Inc. posted revenue of 570.633 billion won and a net loss of 126.893 billion won in 2025, according to the filing. As of the end of that year, its total assets stood at 519.853 billion won, total liabilities at 699.885 billion won, and total capital at negative 180.032 billion won.