Samsung SDI to raise $1.38 billion through rights offering

News
Corporate developments
ATI News Team

The funding aims to support growth, new facilities in the US, Hungary and South Korea, and develop advanced battery technologies

In a press release dated March 14, Samsung SDI announced its decision to conduct a rights offering aimed at raising approximately 2 trillion won (about $1.38 billion) to enhance its competitive edge and support mid-to-long term growth.

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