SEOUL (Wiseova) – Samsung SDI reduced the price of its new share offering by 17% on Monday following a decline in its stock value amid widespread market selling triggered by worries about possible U.S. tariffs.
The South Korean battery manufacturer has reduced the price of its intended share offering two times since March. The company is currently planning to issue new shares at 140,000 won ($100.37) apiece, which is lower than the initial price of 169,200 won suggested back in March.
Last month, Samsung SDI reduced the price of its new shares to 146,200 won.
($1 = 1,394.9000 won)
(Ju-min Park reporting; editing by Ed Davies)
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