Simtek lends 32 billion KRW to major shareholder Simtek Holdings
[Asia Economy Reporter Kim Heung-soon] Symtek announced on the 1st that it has decided to lend 32 billion KRW in cash to secure investment funds for the establishment of a Malaysian overseas production subsidiary by its largest shareholder, Symtek Holdings. This amount corresponds to 11.34% of its equity capital, with an interest rate of 4.6%. The loan period is until September 12, 2026.
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