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  • AK Petrochemical to guarantee W14b loan of subsidiary in China
    AK Petrochemical to guarantee W14b loan of subsidiary in China
    Aekyung Petrochemical (161000) said on Sept. 12 that it has decided to guarantee 14.29 billion won (US$12.84 million) loan of its subsidiary Aekyung Chemical that it borrowed from Citi Bank Shanghai.This amounts to 6.95 percent of its equity capital.By Yun Jeong-hyeon (clareyun@heraldcorp.com)
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AK Petrochemical to guarantee W14b loan of subsidiary in China

Sept. 13, 2016 - 09:47 By 윤정현
[DISCLOSURE] Aekyung Petrochemical (161000) said on Sept. 12 that it has decided to guarantee 14.29 billion won (US$12.84 million) loan of its subsidiary Aekyung Chemical that it borrowed from Citi Bank Shanghai.

This amounts to 6.95 percent of its equity capital.

By Yun Jeong-hyeon (clareyun@heraldcorp.com)
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