Camus Engineering Recovers 7.85 Billion Won PF Loan in Full – Risk Resolved via Logistics Center Sale

Camus Engineering & Construction has amended its previous loan decision disclosure, confirming that a 7.85 billion won loan extended to the special purpose entity Ansung Seongeun Logistics PFV for a logistics center project has been fully recovered through the sale of the center.
The loan was made to fund interest payments for PF loan extensions. The borrower had negative equity of 34.3 billion won, but the principal was fully recovered via sale, eliminating further loss exposure.
As the contractor, Camus had assumed 175 billion won in PF debt due to failure to meet completion guarantees. While this specific loan risk is resolved, the overall PF liability remains
[AI Summary]Full recovery of the loan is a positive signal that partially alleviates concerns over the PF project. However, the company still retains the assumed 175 billion won PF debt, requiring ongoing risk management. This amendment alone is unlikely to materially impact the stock price.