COSMAX BTI Corrects Guarantee Balance from 716.5B to 435.4B Won and Issues New Guarantee of 45.1B Won for COSMAX USA
Correction disclosure: Total guarantee balance corrected from 716,528 million won to 435,412 million won due to misstatement of COSMAX JAPAN guarantee (decrease of approx. 281.1 billion won)
New guarantee: Subsidiary COSMAX Ltd. guarantees USD 30,000,000 (approx. 45.1 billion won) for COSMAX USA's borrowing of USD 25,000,000 from Citibank N.A. (period: 2026-06-05 to 2027-06-05)
COSMAX USA financials: As of end-2025, total assets 110,715 million won, liabilities 283,123 million won, equity -172,408 million won (fully capital-impaired)
After correction, total guarantee balance is 435,412 million won, representing 71.1% of equity (612,344 million won)
KOSPI Filing Information
Filing: [Correction of Description] Decision on Debt Guarantee for Others (Major Management Matters of Subsidiary)