[Edaily Reporter Lee Hye-ra] #CS Bearing announced on the 12th that it has decided to provide a debt guarantee worth 18.6294 billion won for a loan taken out by its Vietnamese subsidiary, 'CS BEARING VIETNAM Co., Ltd.'
The guarantee amount represents 18.5% of the company’s equity. This guarantee extends the foreign currency payment guarantee for the Vietnamese subsidiary’s borrowing from local financial institutions. The guarantee period runs from the 15th of this month until April 15 of next year.
The guarantee amount represents 18.5% of the company’s equity. This guarantee extends the foreign currency payment guarantee for the Vietnamese subsidiary’s borrowing from local financial institutions. The guarantee period runs from the 15th of this month until April 15 of next year.
