Plant purchase marks financing first for SG in Korea

Bankers at SG, Hana and Fuji are celebrating the first ever limited recourse project financing to close in Korea. The deal is for the purchase of a petrochemical plant from the Daelim group by a project company called PolyMirae. PolyMirae is a 50/50 joint venture between Daelim and the Montell Group - which in turn is held by Montell Industrial, Taiwan Polypropylene and Montell SDK Sunrise.