Unicem Decides to Lend 34.8 Billion KRW to Subsidiary Uniwon
Unicem announced that it will lend 34.86 billion KRW to its subsidiary UniOne. This amount corresponds to 25.05% of its equity capital. The interest rate is 5.28%, and the lending period is from the 7th of this month to April 6, 2024.
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Unicem stated, "We unified the loans previously lent to our subsidiary Unigolf & Resort by recovering 30.86 billion KRW from Unigolf and lending it to UniOne, which is a 100% invested company. Additionally, we lent 4 billion KRW to UniOne for funds needed for construction payments and other expenses of Unigolf & Resort."
This content was produced with the assistance of AI translation services.
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