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THE INVESTOR

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JC Chemical guarantees US$10m debt of subsidiary

  • PUBLISHED :July 17, 2017 - 16:15
  • UPDATED :July 17, 2017 - 16:15
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[DISCLOSURE] JC Chemical (137950) announced on July 17 that it has decided to guarantee US$10 million debt of its Singapore-based subsidiary Linked Holdings. 

This amounts to 16.73 percent of its equity capital and the guarantee period is until July 19, 2018.

It will offer a collateral worth 8.97 billion won as well, it said in a separate statement. 

By Hwang You-mee (theinvestor@heraldcorp.com)

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