Hyosung Advanced Materials (KRX:298050) provided a 141.5 billion won guarantee on affiliate HS Hyosung Vietnam's debt of the same amount with Vietcombank, Nhon Trach Branch, according to a Friday filing with the Korea Exchange.
The debt guarantee relates to the extension of the maturity of the existing trade finance facility for HS Hyosung Vietnam. The guarantee period will last until Aug. 18, 2027, the filing said.
Shares of Hyosung Advanced Materials added over 1% in recent trade.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.