JNTC Decides on Debt Guarantee for Subsidiary Worth 37.8 Billion KRW
[Asia Economy Reporter Minji Lee] JNTC announced on the 31st that its overseas subsidiary decided to provide a debt guarantee for 37,862,400,000 KRW borrowed from Woori Bank and Shinhan Bank Vietnam branches. This corresponds to 10.92% of the company's equity capital.
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The company explained, "The main subsidiary is related to the payment guarantee for facility loans due to the expansion of Plant 3 of JNTC Vina."
This content was produced with the assistance of AI translation services.
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