SEOUL (Reuters) – Samsung SDI said it would issue new shares worth 2 trillion won ($1.38 billion) in a regulatory filing on Friday and use the proceeds to invest in a U.S. joint venture with General Motors and expand its factory capacity in Hungary among others. ($1 = 1,452.6800 won) (Reporting by Hyunsu Yim; Editing […]
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Samsung SDI to issue new shares and invest in U.S. joint venture with GM
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SEOUL (Reuters) – Samsung SDI said it would issue new shares worth 2 trillion won ($1.38 billion) in a regulatory filing on Friday and use the proceeds to invest in a U.S. joint venture with General Motors and expand its factory capacity in Hungary among others.
($1 = 1,452.6800 won)
(Reporting by Hyunsu Yim; Editing by Ed Davies)