Meritz Securities Provides 300 Billion Won Support to M Capital Facing 'Liquidity Crisis'
"Secured by Prime Assets... Application of Reasonable Interest Rates"
Meritz Securities has stepped in as a savior for M Capital, which is facing a liquidity crisis.
Meritz Securities announced on the 29th that it will provide 300 billion KRW to M Capital. It supplied 100 billion KRW in capital in the first phase the previous day and will additionally support 200 billion KRW in funds.
Established in 1997, M Capital is a specialized credit finance company focusing on corporate finance, industrial machinery, and leasing of automobiles and medical devices. In recent years, it has faced difficulties in raising funds due to the ongoing interest rate hikes and the downturn in the real estate market, which led to a downgrade in its credit rating outlook.
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A Meritz Securities official stated, "M Capital holds high-quality assets as collateral, so we provided liquidity funds applying a reasonable interest rate at an appropriate level," adding, "Once the temporary liquidity crisis is overcome, the corporate value of M Capital, which has high potential for growth, could increase significantly."
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