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April 27, 2024

Nutribiotech to guarantee W12.9b debt of US affiliate

PUBLISHED : March 23, 2018 - 11:35

UPDATED : March 23, 2018 - 11:35

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[DISCLOSURE] Nutribiotech (222040) announced on March 22 that it has decided to underwrite 12.86 billion won (US$11.91 million) debt of its affiliate Nutribiotech USA. 

This amounts to 15.58 percent of its equity capital and the guarantee period is until March 21, 2019.

By Hwang You-mee (glamazon@heraldcorp.com)

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