Shinsegae Construction, 76.7 Billion KRW Debt Guarantee
[Asia Economy Reporter Park Jihwan] Shinsegae Construction announced on the 21st that it has decided to provide a debt guarantee for 76.7 billion KRW borrowed by the condominium buyers of the Jukjeon-dong mixed-use complex in Daegu from Gyeongsan Agricultural Cooperative and others.
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The debt guarantee amount is approximately 39.2% of its equity capital. The guarantee period is until September 30, 2023.
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