[Asia Economy Reporter Minji Lee] Sungmoon Electronics announced on the 19th that it has decided to provide a debt guarantee worth 1,819.5 million KRW for its subsidiary, Qingdao Sungmoon Electronics Co., Ltd.
The debt guarantee amount corresponds to 6.64% of the company's equity as of last year, and the creditor is the Industrial Bank of Korea Qingdao Branch. The company's total outstanding debt guarantee balance is 4,366.8 million KRW.
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