Connect with us

Technology

Samsung SDI to issue new shares and invest in U.S. joint venture with GM

Avatar

Published

on

By Reuters | Updated: 14 March, 2025

SEOUL, March 14 (Reuters) – Samsung SDI (006400.KS) 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 (GM.N) and expand its factory capacity in Hungary among others.

($1 = 1,452.6800 won)

__
© Thomson Reuters 2025