KH Philux Decides on 13 Billion KRW Loan to Subsidiary
[Asia Economy Reporter Yoo Byung-don] KH Philux announced on the 17th that it has decided to lend 13 billion KRW to its subsidiary, KH Gangwon Development Co., Ltd., to extend the loan period related to the acquisition of Alpensia Resort.
This amount corresponds to 3.04% of its equity capital. The interest rate is 4.6%.
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The company explained, "This is an extension contract for the remaining loan balance (13 billion KRW) after partial equity conversion (14 billion KRW) and repayment (3 billion KRW) of the loan decision (30 billion KRW) announced on June 18, 2021."
This content was produced with the assistance of AI translation services.
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