DMC guarantees US$3.3m debt for its vessel parts manufacturing subsidiary

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DMC guarantees US$3.3m debt for its vessel parts manufacturing subsidiary

June 20, 2016 - 16:17 By 황유미

[DISCLOSURE] Dongnam Marine Crane (101000) will guarantee a 3.9 billion won (US$ 3.3 million) loan of its vessel parts manufacturing subsidiary Q Tech, it announced on June 20. This amounts to 10.9 percent of DMC’s equity capital.

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