Capro Applies for Workout... "Pursuing Early Business Normalization"

Kapuro announced on the 12th that it has applied for joint management (workout) by creditor financial institutions due to liquidity shortage. The main creditor bank is the Korea Development Bank.

Korea Exchange, Yeouido, Seoul. Photo by Jinhyung Kang aymsdream@

Kapuro explained that this decision was made to alleviate the burden of loan repayments caused by liquidity shortage, overcome the management crisis, and achieve prompt business normalization. Trading of Kapuro shares will resume at 9 a.m. on the 13th.