SGC Energy Decides on 192 Billion KRW Debt Guarantee for Cheongra Plus
[Asia Economy Reporter Minji Lee] SGC Energy announced on the 18th that it has decided to provide a debt guarantee of 192 billion KRW for Cheongra Plus.
The debt guarantee amount corresponds to 28.74% of its equity capital as of 2020.
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This pertains to fulfilling the obligation of compensation for damages in case of non-fulfillment of the completion guarantee related to the new construction of the Cheongra officetel in Incheon. The obligation for compensation will be extinguished upon fulfillment of the completion guarantee.
This content was produced with the assistance of AI translation services.
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