Treasury
Dongwon Industries Guarantees Affiliate's KRW460 Billion Debt
Dongwon Industries (KRX:006040) has provided a 460.0 billion won guarantee on affiliate Dongwon Construction Industry's debt of the same amount with Meritz Fire & Marine Insurance and five other institutions, according to a Wednesday filing with the Korea Exchange.The guarantee relates to the completion of a new logistics warehouse in which the affiliate is a contractor.The guarantee period will last until Dec. 25, 2028.Shares of the seafood company rose more than 3% in recent trade.
KRX:006040
