Cowell Fashion Decides to Lend 34 Billion KRW to CF Investment
[Asia Economy Reporter Minji Lee] Cowell Fashion announced on the 9th that it has decided to lend 34 billion KRW to its subsidiary CF Investment.
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This amount corresponds to 11.8% of the company's equity, and the interest rate for the loan is 4.6%, which is the internal transaction interest rate announced by the National Tax Service. The company explained, "This is to secure funds for acquiring shares of Logen Co., Ltd. by the subsidiary CF Investment Co., Ltd."
This content was produced with the assistance of AI translation services.
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