Carry Provides 9.6 Billion Won Collateral for Subsidiary Carry Energy Lab Loan Extension, Increasing Contingent Liability Risk
Carry has decided to provide collateral worth 9.61 billion won to extend an 8 billion won loan for its subsidiary Carry Energy Lab from Hwaseong Saemaul Geumgo.
The collateral consists of land and buildings located in Mohyeon-eup, Cheoin-gu, Yongin-si, Gyeonggi-do, and the guarantee period is one month from June 21 to July 20, 2026.
Carry Energy Lab's financials show total assets of 8.3 billion won, total liabilities of 8.06 billion won, and equity of 0.24 billion won, indicating high leverage and zero revenue, raising doubts about its repayment ability.
This collateral provision creates a potential contingent liability for Carry, and any default by the subsidiary could increase Carry's financial burden, posing an investment risk.
[AI Summary]Carry expands its contingent liability risk by providing large-scale collateral for a financially weak subsidiary's loan extension. The collateral amounts to 29.88% of equity, and the subsidiary's zero revenue and high debt make repayment uncertain, which could negatively impact the stock price.