Hojun Industrial Decides on Debt Guarantee of 8.1 Billion KRW for Subsidiary Daeyong Trading

Hojun Industrial announced on the 29th that it has decided to provide a debt guarantee for its subsidiary Daeyong Trading.

The creditor is IBK Industrial Bank, and the debt amount is 6,797,500,000 KRW.

The debt guarantee amount is 8,157,000,000 KRW, which is 5.4% of the equity capital of 151,689,580,000 KRW. The debt guarantee period is until November 29.