Homeplus Desperate for Loan From Creditor Meritz Amid Financial Crisis
3 Articles
3 Articles
Homeplus Repeatedly Requests Financial Support from Meritz Amid Liquidation Risk of 67 Stores. It has been reported that Homeplus has repeatedly requested emergency operating funds from its largest creditor, Meritz Financial Group, stating that it is difficult to maintain even its currently operating stores due to a shortage of operating capital. According to the retail industry on the 17th, Homeplus recently faced liquidity limitations
[Digital Daily Reporter Wang Jin-hwa] Homeplus has once again requested additional financial support from its largest creditor, Meritz Financial Group, stating that it is difficult to even maintain its currently operating stores due to a shortage of operating funds. In a statement released on the 17th, Homeplus stated, "Since Meritz holds most of its major assets in the form of collateral trusts, it is structurally difficult to raise operating …
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