LS Cable Asia Decides on 12 Billion KRW Loan to Subsidiary
[Asia Economy Reporter Minji Lee] LS Cable Asia announced on the 30th that it has decided to lend 12 billion KRW to its subsidiary LS-VINA Cable & System Joint Stock Company. The purpose of the loan is to secure operating funds.
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The loan amount corresponds to 7.5% of equity capital, with an interest rate of 2.3%. The loan period is from today until June 28, 2021.
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