Hanjin Heavy to guarantee US$32m debt of Filipino subsidiary

  • PUBLISHED :July 11, 2017 – 09:21
  • UPDATED :July 11, 2017 – 09:21

[DISCLOSURE] Hanjin Heavy Industries & Construction (097230)announced on July 10 that it has decided to guarantee US$32 million debt of its wholly-owned Filipino subsidiary HHIC-Phil.

This amounts to 4.13 percent of its equity capital and the guarantee period is until July 13, 2018.

By Hwang You-mee (theinvestor@heraldcorp.com)

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