GV lends 3 billion KRW to subsidiary Geumbit Holdings
[Asia Economy Reporter Jang Hyowon] GV announced on the 6th that it will lend 3 billion KRW to its subsidiary Geumbit Holdings. The loan amount of 3 billion KRW corresponds to 6.3% of its equity capital. The interest rate is 4%, and the loan period is from today until July 6, 2021.
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The purpose of the loan is to fund the subsidiary's acquisition of shares in other corporations. The total outstanding loan balance is 8.34 billion KRW.
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