HDC Hyundai Development Company Decides to Execute Borrowing of 510 Billion KRW
[Asia Economy Reporter Kim Hyung-min] HDC Hyundai Development Company announced on the 25th that it has decided to execute borrowings totaling 510 billion KRW from financial institutions to secure liquidity.
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According to the Financial Supervisory Service's electronic disclosure system, HDC Hyundai Development Company explained that it secured this borrowing amount by using its owned land as collateral and receiving a loan commitment letter for 400 billion KRW from securities firms, equivalent to 18.6% of its equity capital. The borrowings consist of 452 billion KRW in long-term loans and 58 billion KRW in short-term loans.
This content was produced with the assistance of AI translation services.
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