Asia
Sebang Global Board Approves KRW60 Billion Loan to Unit
Sebang Global Battery (KRX:004490) said its board approved a 60 billion won cash loan to its subsidiary Sebang Lithium Battery, according to a Wednesday filing with the Korea Exchange.The South Korean manufacturer said the loan carries an interest rate of 6.25%, runs between Sept. 18, 2026, and Sept. 17, 2030, and will be used to fund working capital needs of new businesses in North America.
KRX:004490
