Samsung SDI cuts new share issue price amid market sell-off fears

Investing.com -- Samsung SDI (KS: 006400 ), a South Korean battery manufacturer, announced on Monday that it has reduced the price of its upcoming share issue by 17% due to a decline in its stock value.

This decline was triggered by a broad market sell-off due to worries about potential U.S. tariffs.

This marks the second time since March that Samsung SDI has reduced the price of its planned share sale. The company now intends to sell new shares at a price of 140,000 won ($100.37) each, a significant drop from the initial price of 169,200 won declared in March.

Samsung SDI had previously adjusted its new share price to 146,200 won last month. The company’s decision to further slash the price is a response to the current market conditions and investor sentiment.

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