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Dongbu chairman posts 16m shares as collateral for Dongbu Hitek
By 황유미Published : July 18, 2016 - 09:35
[DISCLOSURE] Dongbu Hitek (000990) announced on July 15 that Dongbu Group (012030) chairman Kim Jun-ki has put up 16 million shares, worth 13 billion won (US$11.42 million), as collateral until June 10, 2019. Creditors are 10 financial institutions including Korea Development Bank.
Kim had financed 300 billion won to improve the subsidiary’s financial stability in 2009.
Kim had financed 300 billion won to improve the subsidiary’s financial stability in 2009.
