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