SGC E&C extends joint guarantee for mid-term loans of Cheongna Derive Tiamo Casa buyers, with guarantee amount of KRW 224.1B, equivalent to 67.49% of equity (KRW 332.1B)
Total guarantee balance rises to KRW 585.6B, including contingent liabilities for multiple project financing entities such as Pocheon Eco-Green and Jinwol-dong housing associations
This is a routine maturity extension of previously disclosed guarantees (2022-2024), with no new capital raising or business expansion, but the large contingent liability strains financial health
Given market cap of KRW 67.2B, the outsized contingent liabilities pose significant investment risk if borrowers default