HYOSUNG HEAVY INDUSTRIES CORPORATION Decision on Provision of Debt Guarantee for Others
| 1. Debtor | Beneficiary and buyer of Seonhwa Harrington Place Heurium Apartment | |
| - Relationship to company | - | |
| 2. Creditor | Woori Bank, NH Nonghyup Bank | |
| 3. Amount of debt (borrowing) (KRW) | 36,340,000,000 | |
| 4. Details of debt guarantee | Amount of debt guaranteed (KRW) | 43,608,000,000 |
| Equity capital (KRW) | 1,037,142,743,122 | |
| Ratio to equity capital (%) | 4.20 | |
| Classified as a large-sized corporation? | Yes | |
| Guarantee period | Start date | - |
| End date | 2025-07-31 | |
| 5. Total balance of debt guarantee (KRW) | 1,346,419,876,560 | |
| 6. Date of board resolution (decision date) | 2022-08-10 | |
| - Attendance of outside directors | Present (No.) | - |
| Absent (No.) | - | |
| - Attendance of auditors (members of Audit Committee who are not outside directors) | - | |
| 7. Other matters to be factored into investment decisions | ||
|
- The above debt guarantee is a joint guarantee for the interim payment loan of the beneficiary and buyer of the Seonhwa Harrington Place Heurium Apartment. - This case is included among the "Details of Project Financing of Construction Company." - The "Amount of debt guaranteed" of Item 4 above is the maximum limit of debt guarantee, and is 120% of the amount of debt (borrowing). - The "Equity capital (KRW)" of Item 4 above is based on the consolidated financial statements as of the end of 2021. - The "Guarantee period" in Item 4 above is until July 31, 2025, and if ownership is transferred within the period, the period may be shortened to the date of individual ownership transfer, and the loan period may be adjusted through consultation when the loan term reaches maturity. - The "5. Total balance of debt guarantee" above is the guarantee limit, which includes the unused balance. In addition, the foreign currency of USD 330,797,670 is included, and the applied exchange rate is as of August 10. - The "6. Date of board resolution (date of decision)" above is the date of decision of the Management Committee. - The "Guarantee period" below for overseas entities has been omitted as the entities each hold multiple debt guarantees (each period of guarantee is different). | ||
| ※ Related disclosure | - |
| Category | Total assets | Total liabilities | Total shareholders' equity | Capital stock | Sales | Net income |
| Current fiscal year | - | - | - | - | - | - |
| Previous fiscal year | - | - | - | - | - | - |
| Two fiscal years prior | - | - | - | - | - | - |
[Details of Project Financing of Construction Company](in KRW)
[Balance of Debt Guarantee per Debtor]| Debtor | Guarantor (banks, etc.) | Type of project financing | Amount per type | Remarks |
| Suncheonecogreen |
INDUSTRIAL BANK OF KOREA, etc. | Other PF loans | 48,391,000,000 | - |
| General buyer for housing redevelopment and maintenance project in District 3 of Hongje | Hana Bank | Other PF loans | 25,560,000,000 | Loan for tenant's interim payment |
| General buyer for housing redevelopment and maintenance project of Hyundai Apartment in Taereung | Hana Bank | Other PF loans | 23,560,000,000 | Loan for tenant's interim payment |
| Buyer for new construction project of residential complex in Gamsam, Daegu | THE DAEGU BANK LTD | Other PF loans | 25,593,552,000 | Loan for tenant's interim payment |
| Contractor for new construction of apartment buildings for residential and commercial complex in Manchon-dong, Daegu | Nonghyup Bank | Other PF loans | 18,768,000,000 | Loan for tenant's interim payment |
| General buyer for redevelopment apartment in Yongho, Busan | SHINHAN BANK, etc. | Other PF loans | 38,005,747,000 | Loan for tenant's interim payment |
| Buyer for Officetel in Millak-dong, Busan | Suhyup Bank | Other PF loans | 23,393,200,000 | Loan for tenant's interim payment |
| Buyer for new construction project of residential complex in Gamsam 2, Daegu | THE DAEGU BANK LTD | Other PF loans | 23,947,000,000 | Loan for tenant's interim payment |
| General buyer for housing redevelopment and maintenance project in Sinam 6 district, Daegu | THE DAEGU BANK LTD | Other PF loans | 29,562,904,800 | Loan for tenant's interim payment |
| Buyer for residential and commercial complex in Namsan-dong, Daegu | Nonghyup Bank, etc. | Other PF loans | 37,440,000,000 | Loan for tenant's interim payment |
| Buyer for Century Apartment, Beonyeong-ro, Jung-gu, Ulsan | Nonghyup Bank, etc. | Other PF loans | 78,238,432,560 | Loan for tenant's interim payment |
| Buyer for Harrington Place Asan Smart Valley Apartment | Suhyup Bank, THE DAEGU BANK LTD | Other PF loans | 32,172,000,000 | Loan for tenant's interim payment |
| Contractor for Harrington Place Apartment in Sangmu station | Kwangju Bank Co., Ltd. | Other PF loans | 31,200,000,000 | Loan for tenant's interim payment |
| Buyer for Harrington Place apartment in Bupyeong Station | Hana Bank, Suhyup Bank | Other PF loans | 45,240,000,000 | Loan for tenant's interim payment |
| Buyer for Hyosung Harrington Place Apartment in Gongdo, Anseong | Suhyup Bank | Other PF loans | 9,832,000,000 | Loan for tenant's interim payment |
| Beneficiary and buyer of Seonhwa Harrington Place Heurium Apartment | Woori Bank, NH Nonghyup Bank | Other PF loans | 43,608,000,000 | Loan for tenant's interim payment |
| Newstar AK 1st Co., Ltd | KB Securities Co., Ltd. | ABCP | 85,700,000,000 | - |
| Housing Redevelopment and Maintenance Project Association for Uam District 1 | Shinhan Investment Corp. | Other PF loans | 104,000,000,000 | General debt guarantee |
| Total | 675,091,836,360 |
| Debtor | Relationship | Balance of debt guarantee (KRW) | Period of debt guarantee | Remarks |
| Nantong Hyosung Transformer Co., Ltd. | Affiliated company | 122,161,430,000 | - | - |
| Hyosung T&D India Private Limited | Affiliated company | 80,556,120,000 | - | - |
| Green Plan Energy Limited | Affiliated company | 3,224,190,200 | - | - |
| HICO America Sales & Technology, INC. | Affiliated company | 10,440,800,000 | - | - |
| Hyosung HICO, Ltd. | Affiliated company | 163,137,500,000 | - | - |
| Hyosung Vina Industrial Machinery Co., Ltd. | Affiliated company | 52,204,000,000 | - | - |
| Oksan Ochang Expressway Co., Ltd. | - | 5,100,000,000 | - | - |
| Linde Hydrogen Energy Co., Ltd. | - | 63,504,000,000 | - | - |
| EveryShow Inc. | - | 171,000,000,000 | - | - |
| ※ Relevant statutes | Financial Investment Services and Capital Markets Act |
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Hyosung Heavy Industries Corporation published this content on 16 August 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 16 August 2022 08:51:05 UTC.
