Daewon Electric Wire decides to lend 5 billion KRW to largest shareholder Shindaewon Energy
[Asia Economy Reporter Eunmo Koo] Daewon Cable announced on the 26th that it has decided to lend 5 billion KRW to its largest shareholder, Shindaewon Energy. The loan amount represents 6.2% of its equity capital, and the loan period is until the 2nd of next month. The company stated, "This is a loan before capital increase for the acquisition of renewable energy business."
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