Genexine Board Approves KRW 53.87 Billion Collateral for Magok R&D Center Refinancing
Bitget2026/11/02 09:10- Genexine’s board resolved on Nov. 2, 2026, to provide KRW 53.87 billion in collateral for Magok Consortium First.
- The collateral supports KRW 41.44 billion in borrowing from KB Capital and other financial institutions.
- Collateral represents 21.8% of equity, covering preferential beneficiary rights under a managed land trust and other assets.
- The collateral provision runs from Nov. 6, 2026, through Nov. 5, 2027.
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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