Ecoplastic unit Heungkuk On Enterprise No.8 Ecoplastic draws KRW 40 billion loan backed by parent guarantee
Bitget2026/09/23 07:07- Ecoplastic will provide a KRW 52 billion joint guarantee for loans taken by subsidiary Heungkuk On Enterprise No.8 Ecoplastic SPC.
- Guarantee backs a KRW 40 billion borrowing from Hana Bank tied to an ABL funding structure for investment, working capital.
- Guarantee term runs from Sept. 30, 2026 to Sept. 30, 2029.
- Guarantee equals 14.5% of FY2025 consolidated equity of KRW 359.73 billion.
- Total outstanding debt guarantees stood at KRW 474.06 billion following the decision.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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