CJ has announced that it will provide an additional 133 billion Korean Won loan to its subsidiary, CJ CGV Turkey.
Kim SangJin
letyou@alphabiz.co.kr | 2024-06-26 03:05:59
CJ CheilJedang headquarters (CJ)
[Alpha Biz= Reporter Kim Sangjin] CJ Group's holding company, CJ, disclosed on the 25th that it will provide an additional 133 billion Korean Won in loans to its subsidiary, CGV Turkey.
The loan period will extend from July 12th to July 14th, 2025, with an interest rate of 8.14%.
This monetary loan aims to increase and extend the existing loan amount to CGV Turkey. With this additional 133 billion Won, the total loan balance to CGV Turkey now amounts to 913 billion Won.
A CJ official stated, "The loan amount includes the planned increase of 64 billion Won, aiming to secure temporary operating funds for CGV Turkey, in addition to the existing loan amount."
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