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POSCO CHEMICAL SOLD SHARES TO RAISE $1.1 BILLION FOR RECHARGEABLE BATTERY BUSINESS

Published On 17 Jan 2021 08:35 AM


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Highlights –

  • POSCO Chemical sold shares to raise $1.1 billion for rechargeable battery business.
  • POSCO Chemical Co. sold 16.47 million shares at 77,300 won.
  • The new shares are said to be listed on the Seoul bourse on Feb. 3.
  • The company’s stock issuance is expected to cut its debt rate from 104 percent at end-September.

South Korean steel giant, P....


Tags : POSCO CHEMICAL CO., POSCO STEEL, POSCO RECHARGEABLE BATTERY FUND, LG ENERGY SOLUTION LTD., POSCO CHEMICAL STOCK ISSUANCE,
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