Cellid Board Approves KRW 42.33 Billion Collateral for Loan Refinancing

Bitget2026/11/02 08:47

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Cellid's board resolved on Nov. 2, 2026, to provide KRW 42.33 billion in collateral for Magok Consortium First.
The collateral supports refinancing existing project financing loans for the Magok headquarters and R&D center with a new secured loan.
The KRW 32.56 billion debt represents Cellid's 22% share of the borrower's total debt.
Collateral equals 55.25% of equity, covering Nov. 6, 2026, through Nov. 5, 2027.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Cellid Co. Ltd. published the original content used to generate this news brief via DART, the regulatory disclosure system operated by the South Korea Financial Supervisory Service (FSS) (Ref. ID: 20261102900808), on November 02, 2026, and is solely responsible for the information contained therein.

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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Cellid Board Approves KRW 42.33 Billion Collateral for Loan Refinancing

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