Cheonil Express Decides on Short-Term Borrowing of 11 Billion Won

[Asia Economy Reporter Hwang Yoon-joo] Cheonil Express announced on the 8th that it has decided to secure short-term borrowings amounting to 11 billion KRW to raise operating funds. The borrowing scale is 21.56% of its equity capital, and the borrowing type is a loan from financial institutions. Accordingly, the total short-term borrowings of Cheonil Express have increased to 25.3 billion KRW.