Amid ongoing global economic uncertainty and heightened market volatility, South Korean manufacturer Samsung SDI has opted to adjust the terms for its new share offering. Previously announced at 169,200 KRW per share, the price has now been reduced to 146,200 KRW (approximately US$98.41), marking a 14% decrease. With this move, the company aims to raise 2 trillion KRW (roughly US$1.4 billion), with the final pricing slated for confirmation on May 19. This decision reflects the evolving landscape of global finance, where factors such as tariff policies continue to influence corporate initiatives and investor sentiment.
Samsung SDI has announced plans to issue new shares worth 2 trillion won (approximately 1.38 billion USD) in an effort to strengthen its position in the global market. This initiative is part of the company's strategy to invest in key areas and expand its production capabilities.
South Korean company Samsung SDI Co. recently announced its consideration of building a new manufacturing plant in the United States, reflecting optimism about the electric vehicle battery market's growth. This statement was made by CEO Choo Sung-choi during a press conference in Seoul, underscoring the company's long-term plans despite recent governmental changes, such as the cancellation of electric vehicle subsidies by President Donald Trump.
