Ilji Tech Decides on 10.1 Billion KRW Subsidiary Debt Guarantee
[Asia Economy Reporter Minji Lee] Ilji Tech announced on the 9th that its overseas affiliate, Beijing Ilji Chagwagi Co., Ltd., has provided a debt guarantee amounting to 10.1 billion KRW to secure a loan borrowed from Daegu Bank Shanghai Branch. This amount corresponds to 9.49% of its equity capital, and the debt guarantee will expire on July 9 of next year.
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