Sugmoon Electronics to guarantee US$1.5m debt for Qingdao subsidiary

Published : Jun 23, 2016 - 15:27 Updated : Jun 24, 2016 - 13:43

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[DISCLOSURE] Sungmoon Electronics (014910) will guarantee a 1.7 billion won (US$1.5 million) debt of its subsidiary Qingdao Sungmoon Electronics, the company announced on June 23. This amounts to 6.05 percent of its equity capital.

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