Decision to Provide KRW 89.9 Billion Collateral for PRS Transaction
To secure the collateralized debt of SPC Shining First for the PRS transaction, a pledge on deposit claims in a securities account was established in favor of Mirae Asset Securities. Collateral amount: KRW 89.9 billion (7.8% of equity).
The PRS transaction covers 1,091,519 common shares of Iljin Electric, and the secured funds will be used for future growth investments.