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Hansol Chemical to offer collateral for affiliate’s W59b loan

Aug. 31, 2016 - 10:47 By 정민경
[DISCLOSURE] Hansol Chemical (014680) said on Aug. 30 that it has decided to offer collateral worth 35.4 billion won (US$31.6 million) to Shinhan Investment and three others, for its affiliate, Tapex’s 59 billion won loan.

The institutions will receive pledges on Tapex’s 2,137,000 shares from its merger with HT Investment Purpose. The offer period is from Aug. 31 to May 30, 2021.

By Jung Min-kyung (mkj1105@heraldcorp.com)