Samsung SDI to Invest KRW29.7 Billion in New Technology Fund

MT Newswires Live

09/21

Samsung SDI (KRX:006400) will invest 29.7 billion won in the SVIC No. 85 New Technology Business Investment Partnership, according to a Monday release.

The investment aims to boost the group's business competitiveness through new technologies and business opportunities.

Samsung Venture Investment formed the investment vehicle.

Shares of the battery and electronic materials manufacturer fell more than 1% in recent trade.

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