Samsung SDI Participates in STM Capital Increase... Invests 150 Billion Won
[Asia Economy Reporter Gong Byung-sun] Samsung SDI announced on the 27th that it has decided to invest 150 billion KRW to participate in the capital increase of its affiliate STM. The purpose of the investment is to secure funds for purchasing cathode material manufacturing facilities and working capital.
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Additionally, to strengthen manufacturing expertise, it has decided to transfer cathode material manufacturing facilities and buildings worth 109.7 billion KRW to STM within the third quarter.
This content was produced with the assistance of AI translation services.
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