SEOUL, April 9 (Reuters) - Samsung SDI, a
South Korean battery maker, cut the pricing of new shares to be
issued by 14%, after its stock tumbled in the broad sell-off
triggered by U.S. tariff fears.
Samsung SDI plans to sell its new shares at 146,200 Korean
won ($98.41) each, down from the 169,200 won announced last
month.
On March 14, Samsung SDI said it would issue 11,821,000 new
shares to raise 2 trillion won ($1.4 billion) for a U.S. joint
venture with General Motors ( GM ) and to expand factory
capacity in Hungary among other investments.
($1 = 1,485.6000 won)