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Samsung Biologics Approves W3tr Rights Issue to Fund Peptide Deal and Campus

Samsung Biologics logoSamsung Biologics
Sig4.63Sen+6.18Env0.00Soc+0.72Gov+1.25

Samsung Biologics plans to raise more than 3 trillion won via a share offering to fund its acquisition of a peptide manufacturer and construction of a new production campus in Songdo, Incheon. The board approved issuing 2.27 million shares at a 15% discount, expanding share count by 4.9%. The PolyPeptide deal is expected to close by year-end, with further plant capacity added after 2024.

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