The Korea Herald

피터빈트

Taeyoung E&C to guarantee US$45.4m loan for down payment

By 황유미

Published : June 21, 2016 - 16:11

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[DISCLOSURE] Taeyoung Engineering & Construction (009410) will guarantee debts of 52.6 billion won (US$45.4 million) for those who purchase units of its apartment building in Changwon, South Gyeongsang Province, the company announced on June 21. This amounts to 4.2 percent of its equity capital, and is a joint surety for their down payment.