ITCENGLOBAL Increases Guarantee for Subsidiary Korea Gold Exchange Digital Asset's Loan from Hana Bank, Total Guarantee Balance 45.8 Billion Won
ITCENGLOBAL finalized a correction disclosure on April 16, 2026 through a board resolution to slightly increase its debt guarantee for subsidiary Korea Gold Exchange Digital Asset's gold loan facility from Hana Bank from 21.4 billion won to 21.5 billion won and extend the guarantee period to April 16, 2027.
This guarantee covers a portion of 16 tranches of gold loans drawn since August 2025 with ITCENGLOBAL providing joint guarantees. The increase is only about 90 million won, resulting in minimal financial impact.
Based on ITCENGLOBAL's consolidated equity of 322.5 billion won as of end-2024, total guarantee balance including this increase stands at approximately 45.9 billion won or 14.2% of equity. Combined with guarantees for another subsidiary C-Platform of 23.3 billion won, the overall guarantee risk remains manageable.
The debtor Korea Gold Exchange Digital Asset recorded 2024 revenue of 106.6 billion won but a net loss of 5.5 billion won, with total equity of only 6.7 billion won indicating weak financial health. However, ITCENGLOBAL's guarantee facilitates its funding needs.
The transaction with Hana Bank, a highly credible creditor, lowers governance risk. This guarantee increase is part of normal business operations to support subsidiary financing.
[AI Summary]This disclosure is a routine debt guarantee update for subsidiary funding with no share dilution or capital structure change. The guarantee amount is only 6.68% of equity and the creditor Hana Bank is highly reputable, limiting negative impact on investors. However, the debtor's weak financial position could lead to potential losses for ITCENGLOBAL in case of default.
KOSDAQ Filing Information
[Correction of Description] Decision on Debt Guarantee for Others
Company: ITCENGLOBAL (124500)
Submission: ITCENGLOBAL CO.,LTD.
Under KRX KOSDAQ Market Division, Amended (Refer to related filing)