kdb provides 200bn won loan to facilitate sale of hyundai securities
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KDB provides 200bn won loan to facilitate sale of Hyundai securities

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Emiratesvoice, emirates voice KDB provides 200bn won loan to facilitate sale of Hyundai securities

Seoul - Yonhap
State-run Korea Development Bank (KDB) said Wednesday that it has extended a 200 billion won (US$192 million) loan to Hyundai Merchant Marines to help speed up the sale of its affiliate, Hyundai Securities Co. The lender said the asset-based loan will allow the shipping company to transfer 14.9 percent of its holdings in the brokerage house to a trust. The company had owned a 22.4 percent stake in the securities firm before the move.

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kdb provides 200bn won loan to facilitate sale of hyundai securities kdb provides 200bn won loan to facilitate sale of hyundai securities

 



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kdb provides 200bn won loan to facilitate sale of hyundai securities kdb provides 200bn won loan to facilitate sale of hyundai securities

 



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