The Korea Herald

피터빈트

KSS Line's performance guarantee for HHI

By 황유미

Published : June 14, 2016 - 17:33

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[DISCLOSURE] KSS Line (044450) will guarantee a 79.8 billion won ($68 million) loan for its special purpose corporation KS Shipholding SA, it announced on June 14. It is a performance guarantee to build a gas carrier for Hyundai Heavy Industries (009540), and amounts to 37.62 percent of KSS Line’s equity capital.