Samsung SDI to Sell $3.2 Billion Stake in Samsung Display for Future Investment
Samsung SDI announced its plan to sell 4.45 trillion won (approximately $3.2 billion) worth of its shares in Samsung Display back to the display maker. This divestment aims to secure funds for future facility investments and growth initiatives.
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Samsung SDI to sell W4.45tr Samsung Display stake to fund future growth
Samsung SDI said Friday it will sell a portion of its stake in affiliate Samsung Display for 4.45 trillion won ($3.22 billion), as the battery maker seeks to secure funds for investment in future growth businesses. In a regulatory filing, Samsung SDI said it will sell 13.09 million shares in Samsung Display for 340,000 won apiece, representing about 33 percent of its current holdings in the display maker, with Samsung Display buying the shares as treasury stock. Samsung SDI currently holds 39.86
By The Korea Herald
Read full article →Samsung SDI to sell 4.45 tln won worth of Samsung Display shares to fund facility investment
SEOUL, Aug. 21 (Yonhap) -- Samsung SDI Co., a major South Korean battery maker, ...
By Kim Han-joo
Read full article →Samsung SDI says to sell $3.2 billion worth of Samsung Display shares back to display maker
Read full article →Samsung SDI says to sell $3.2 billion worth of Samsung Display shares back to display maker
By Reuters
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