Asia
Sewoo Global Extends 5 Billion Won Loan to Onhill Partners by One Year
Sewoo Global (KRX:013000) said it approved a one-year extension of a 5 billion won cash loan to Onhill Partners, keeping the outstanding loan balance unchanged, according to a Tuesday filing with the Korea Exchange.The industrial materials company said the loan carries an annual interest rate of 6% and will mature on July 28, 2027, extending the previous maturity date of July 28, 2026.The loan amount represents 9.1% of the company's equity capital of 54.76 billion won.Shares of the industrial materials company were down 4% in recent trade.
KRX:013000
