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Singsong Holdings’ subsidiary to take W10b loan

[DISCLOSURE] Singsong Holdings (006880) announced on Sept. 29 that its subsidiary Singsong Food has decided on a 10 billion won (US$9.09 million) short term borrowing to secure budget for its trust fund. 

This amounts to 10.9 percent of its equity capital, and will be invested in Koramco’s professional private real estate investment trust No. 42.

By Yun Jeong-hyeon (