Heungkuk F&B Borrows 20 Billion Won from Financial Institutions to Secure Operating Funds
[Asia Economy Reporter Ji Yeon-jin] Heungkuk F&B announced on the 12th that it borrowed 20 billion KRW from three financial institutions for operating funds.
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This amount corresponds to 28.95% of its equity capital (69 billion KRW), increasing the total borrowings from financial institutions to 37 billion KRW and short-term borrowings to 38 billion KRW.
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