Shinwon Comprehensive Development Decides to Increase Short-Term Borrowings by 15.4 Billion KRW
[Asia Economy Reporter Lee Jung-yoon] Shinwon Comprehensive Development announced on the 1st that it has decided to increase short-term borrowings by 15.4 billion KRW.
This amount corresponds to 17.3% of its equity capital.
The total short-term borrowings changed from 4.48 billion KRW before borrowing to 19.88 billion KRW after borrowing.
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The company explained, "Following the recent credit rating upgrade, we repaid existing loans and re-borrowed at a lower interest rate."
This content was produced with the assistance of AI translation services.
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