Samsung SDI to issue new shares and invest in US joint venture with GM

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SEOUL : 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.

FILE PHOTO: A general view of the Samsung SDI battery factory in God, Hungary, December 12, 2022.

SEOUL : 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.

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Category: EconomyBusiness

Markets: SingaporeHungary

Topics: Hungary Samsung General Photo: December Mediacorp Factory Battery File View Experience

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-03-14 @ 08:00:50 (16 hours ago)

News Timezone: GMT +8:00

News Source URL: channelnewsasia.com

Language: English

Article Length: 116 words

Reading Time: 1 minutes read

Sentences: 5 lines

Sentence Length: 24 words per sentence (average)

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Copyright Owner: © Channel News Asia

News ID: 26972405

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