LX International (KRX:001120) plans to pledge nearly 9 million shares of its subsidiary, Poseung Green Power, as collateral under a new loan agreement related to the refinancing of its project finance debt, according to a Wednesday filing with the Korea Exchange.
The shares, valued at about 45 billion won based on a par value of 5,000 won per share, will secure 120 billion won in debt. The pledge will be in place until the debt is fully repaid, the filing said.
The collateral will be provided from Aug. 28, 2026, to Aug. 28, 2031.
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