Asia
Hyosung Advanced Materials Guarantees Affiliate's KRW142 Billion Debt
Hyosung Advanced Materials (KRX:298050) provided a 141.5 billion won guarantee on affiliate HS Hyosung Vietnam's debt of the same amount with Vietcombank, Nhon Trach Branch, according to a Friday filing with the Korea Exchange.The debt guarantee relates to the extension of the maturity of the existing trade finance facility for HS Hyosung Vietnam. The guarantee period will last until Aug. 18, 2027, the filing said.Shares of Hyosung Advanced Materials added over 1% in recent trade.
KRX:298050
