Reported 10 days ago
Samsung SDI, the South Korean battery manufacturer, has reduced the price of its new shares by 14% to 146,200 won ($98.41) due to the impact of volatile global markets resulting from U.S. tariff concerns. This move comes as the company aims to raise 2 trillion won ($1.4 billion) to fund projects, including a joint venture with General Motors. The recent market instability has prompted various companies in Asia to rethink their fundraising strategies.
Source: YAHOO