The Korea Herald

피터빈트

GS E&C to guarantee $165 mil debt for its affiliate

By 황유미

Published : June 16, 2016 - 09:25

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[DISCLOSURE] GS Engineering & Construction Corp (006360) will guarantee a 193.9 billion won ($165 million) loan of its affiliated company that will focus on New Stay, a long-term rental housing project sponsored by government, it announced on June 15. This amounts to 5.79 percent of its equity capital.