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

Samsung SDI

13/03/2025 23:48

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)

 (Reporting by Hyunsu Yim
Editing by Ed Davies)

 ((Hyunsu.Yim@thomsonreuters.com;))