The Korea Herald

피터빈트

AK Petrochemical to guarantee W14b loan of subsidiary in China

By 윤정현

Published : Sept. 13, 2016 - 09:47

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[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)