1. Debtor | Goseong Green Power Co., Ltd. | |
- Relationship to company | - | |
2. Creditor | Project Financing Syndication including Hanwha Life Insurance Co., Ltd. and etc. | |
3. Amount of debt (borrowing) (KRW) | 4,340,000,000,000 | |
4. Details of collateral provision | Amount of collateral (KRW) | 170,240,000,000 |
Equity capital (KRW) | 1,898,715,509,313 | |
Ratio to equity capital (%) | 8.97 | |
Classified as a large-sized corporation? | Yes | |
Asset provided as collateral | 17,024,000 shares of Goseong Green Power Co., Ltd. owned by SK Gas Co., Ltd. | |
Period of collateral provision | Start date | 2022-02-24 |
End date | - | |
5. Total balance of collateral provided (KRW) | 804,540,000,000 | |
6. Date of board resolution (decision date) | 2022-02-23 | |
- Attendance of outside directors | Present (No.) | - |
Absent (No.) | - | |
- Attendance of auditors (members of Audit Committee who are not outside directors) | - | |
7. Other matters to be factored into investment decisions | ||
1) "1. Debtor" above is a company which is operates a 2,080MW coal power plant business in Goseong, Gyeongsangnam-do, in which the Company owns a 19% interest. This disclosure is intended to establish the right of pledge for the shares of Goseong Green Power Co., Ltd. owned by the Company in accordance with the PF (Project Financing) Agreement for the relevant business. 2) In accordance with the PF Agreement, the Company has completed making the final payment of KRW 170.24 billion of capital on Sept 30, 2021, and this is a case of establishing anew the right of pledge for 17,024,000 shares acquired by the Company as a result. - Subject to the establishment of existing right of pledge for shares : KRW 1.9 billion (date of the first contract : Dec 27, 2016) 3) "2. Creditor" is a group of financial institutions operating as PF lenders as specified under the loan agreement, including Hanwha Life Insurance Co., Ltd. and twenty other companies. 4) "3. Amount of debt (borrowing)" is the amount of the PF loan agreement. The ceiling on collateral is KRW 5.208 trillion, which was placed at 120% of the amount of debt combining the amounts of ceiling on collateral for the senior and subordinated rights of pledge. 5) "4. Amount of collateral" is the capital equivalent to the shares owned by the Company, which are the assets provided for collateral, and the Company's liability for the debt will be limited to the shares issued by Goseong Green Power Co., Ltd. (for a total investment value of KRW 172.14 billion). 6) "4- Period of collateral provision" runs from the date of execution of the contract for establishing the right of pledge (scheduled for Feb 24, 2022) until the termination of the establishment. 7) "4- Equity capital" is based on the consolidated financial statements as of the end of 2020. 8) "5. Total balance of collateral provided" is the amount which includes the amount of collateral established at this time. 9) "6. Date of board resolution (decision date) " is the date of decision of the CEO. 10) The current fiscal year of the Condensed Financial Statement of Debtor below is as of 2000, the latest business year. | ||
※ Related disclosure | - |
Category | Total assets | Total liabilities | Total shareholders' equity | Capital stock | Sales | Net income |
Current fiscal year | 4,562,603 | 4,354,243 | 208,360 | 260,000 | 0 | -12,280 |
Previous fiscal year | 3,399,173 | 3,178,566 | 220,607 | 260,000 | 0 | -11,516 |
Two fiscal years prior | 1,891,584 | 1,659,401 | 232,183 | 260,000 | 0 | -7,387 |
Debtor | Relationship | Balance of collateral established (KRW) | Period of collateral provision | Asset provided as collateral | Remarks |
Goseong Green Power Co., Ltd. | - | 170,240,000,000 | Shares of Goseong Green Power Co., Ltd. owned by SK Gas Co., Ltd. | Goseong Green Power Co., Ltd. stocks owned by SK Gas Co., Ltd. | As disclosed this time |
Goseong Green Power Co., Ltd. | - | 1,900,000,000 | Shares of Goseong Green Power Co., Ltd. owned by SK Gas Co., Ltd. | Goseong Green Power Co., Ltd. stocks owned by SK Gas Co., Ltd. | - |
Korea Energy Terminal Co., Ltd. (KET) | - | 632,400,000,000 | Shares of Korea Energy Terminal Co., Ltd. owned by SK Gas Co., Ltd. | Korea Energy Terminal Co., Ltd. shares owned by SK Gas Co., Ltd. | Disclosed on Oct 7, 2020 |
※ Relevant statutes | Financial Investment Services and Capital Markets Act |
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SK GAS Ltd. published this content on 25 February 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 25 February 2022 08:21:01 UTC.