Carry Provides 9.61 Billion Won Debt Guarantee for Subsidiary Carry Energy Lab, Equivalent to 29.88% of Equity, Short-Term Guarantee Raises Financial Risk
Carry decided to provide a debt guarantee of 9.61 billion won to extend the loan of its subsidiary Carry Energy Lab.
The guarantee amount corresponds to 29.88% of Carry's equity of 32.16 billion won, with a short-term period from June 21 to July 20, 2026.
The subsidiary Carry Energy Lab has a weak financial structure with assets of 8.30 billion won against liabilities of 8.06 billion won, and recorded a net profit of 138 million won but no revenue.
This guarantee is for extending existing borrowing, posing potential financial risk, but was approved by the board of directors.
[AI Summary]This debt guarantee by Carry is large at 29.88% of equity, and if the subsidiary's financial health deteriorates, there is a risk of capital erosion. Although short-term, investors should monitor for additional risks.