Aspllo Decides on 5 Billion KRW Debt Guarantee for Overseas Subsidiaries
[Asia Economy Reporter Minji Lee] Asflow announced on the 18th that its overseas subsidiary ASFLOW VINA has decided to provide a debt guarantee amounting to 5 billion KRW for a loan borrowed from IBK Industrial Bank Hong Kong Branch. This corresponds to 11.53% of the sales revenue as of the end of 2020. The debt guarantee period is from the 26th of this month until January 26, 2028.
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