[Edaily Reporter Hyera Lee ] PAVONINE CO., LTD.(177830)announced on the 21st that it has decided to extend a loan of 7.4215 billion won to its subsidiary, “PAVONINE VINA CO., LTD.” The loan amount represents 10.16% of the company’s equity, and the loan term runs from the 28th of this month through July 28, 2031. This decision is not for a new loan but rather an extension of the maturity date for a portion of the funds originally loaned to the sub-subsidiary in July 2016.
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PAVONINE CO., LTD. Extends 7.4 Billion Won Loan to Subsidiary
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