March 15, 2025 9:50 AM

Samsung SDI to raise $1.3 billion through stock offering for facility investment

Samsung SDI Co., South Korea's second-largest battery manufacturer, announced plans to raise 2 trillion won ($1.37 billion) through a stock sale as part of its broader growth strategy. The company’s board of directors approved the capital increase to "preemptively" secure funding in preparation for a rebound in the car battery market, Samsung SDI stated in a press release. As part of the plan, Samsung SDI will issue approximately 11.82 million common shares at 169,200 won per share, with the...