KCC E&C to guarantee US$17.4m debt for developer

Published : Jun 23, 2016 - 08:56 Updated : Jun 24, 2016 - 13:44

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[DISCLOSURE] KCC Engineering & Construction (021320) will guarantee a 20 billion won (US$17.4 million) debt of LNS Development, it announced on June 22. This amounts to 6.69 percent of its equity capital.
The construction company will also lend 20 billion won to the developer, it announced in a separate statement.

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