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How ASM’s Hana Bank Loan Extension Fuels Korean Plant Ambitions
1:26am on Monday 2nd of June, 2025 AEST
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How ASM’s Hana Bank Loan Extension Fuels Korean Plant Ambitions
1:26am on Monday 2nd of June, 2025 AEST
Key Points
Refinanced ₩3 billion (~A$3.3 million) unsecured loan with Hana Bank
Loan maturity extended from May 2025 to May 2026
Ongoing advanced discussions to refinance ₩12 billion (~A$13.3 million) Korean Development Bank loan
Refinancing supports technical improvements and ramp-up at Korean Metals Plant
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Australian Strategic Materials (ASX:ASM)
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