
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.
GMT 19:30 2018 Wednesday ,03 January
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