Samsung Biologics Plans 3 Trillion Won Share Issue for PolyPeptide Deal
Samsung Biologics will raise 3 trillion won through a paid-in capital increase to fund its acquisition of Switzerland-based PolyPeptide Group and expand production at its Incheon plants. The board approved issuing 2.27 million new shares to existing shareholders, with unsubscribed shares offered to the public, expected to raise about 3 trillion won.