Hyundai Electric Provides Debt Guarantee Worth 32.6 Billion KRW to Chinese Subsidiary
[Asia Economy Reporter Lee Jung-yoon] Hyundai Electric announced on the 8th that its subsidiary in China, Hyundai Heavy Industries (China) Electric Co., Ltd., has decided to provide a debt guarantee for 32.64 billion KRW borrowed from SC Bank China.
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This amount is approximately 4.7% of its equity capital, and the guarantee period is from the 15th of this month until January 15, 2022.
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