Seojin System Board Approves KRW 156 Billion Debt Guarantee for Affiliate
Bitget2026/10/28 09:32- Seojin System’s board resolved on Oct. 28, 2026, to provide a KRW 156 billion debt guarantee for affiliate Texon Securitization Fourth.
- The guarantee covers a KRW 130 billion asset-backed loan backed by subsidiary Texon’s future receivables to fund semiconductor equipment expansion.
- Coverage runs from Oct. 29, 2026, through May 3, 2028, representing 15.25% of equity.
- Total outstanding debt guarantees, including this transaction, stand at KRW 782.33 billion.
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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