Samsung SDI to issue new shares and invest in U.S. joint venture with GM

SEOUL, (Reuters) – Samsung SDI said it would issue new shares worth 2 trillion won ($1.38 billion) in a regulatory filing on Friday and use the proceeds to invest in a U.S. joint venture with General Motors and expand its factory capacity in Hungary among others.

($1 = 1,452.6800 won)

Reporting by Hyunsu Yim Editing by Ed Davies