LX International guarantees 560 billion won for Singapore subsidiary, total balance 2.06 trillion won
LX Holdings' subsidiary LX International decided to guarantee 560 billion won (USD 380.2 million) for its affiliate LX_International (Singapore) Pte. Ltd. from Mizuho Bank and 14 other lenders
Guarantee amount equals 15.8% of LX International's equity; total outstanding guarantees amount to 2.06 trillion won
Financials of LX_International (Singapore) for the current year: assets 482.7 billion, liabilities 432.5 billion, equity 50.2 billion, net income 6.8 billion (debt ratio approx. 861%)
Detailed disclosure of total guarantee balances for 23 affiliates including this case
KOSPI Filing Information
Filing: Decision on Debt Guarantee for Others (Major Management Matters of Subsidiary)