Decision to Guarantee 25 Billion KRW Debt for Subsidiary (10.05% of Equity)
SAMYOUNG M-TEK decided to guarantee a 25 billion KRW facility loan from Kyongnam Bank for its subsidiary SAMYOUNG Partners through a cash deficiency agreement. The guarantee amount equals 10.05% of equity (248.7 billion KRW).
Purpose is to replace existing corporate bonds (creditor: Lim Kyung-sik); the existing guarantee is scheduled to be released on May 4, 2026.
Total guarantee balance stands at 87.39 billion KRW (previous 62.59 billion + new 25 billion; expected to decrease to 62.39 billion after release of 25 billion).
SAMYOUNG Partners recorded total equity of 84.45 billion KRW and net loss of 0.55 billion KRW as of fiscal year 2025.