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05 Dec
03:35

SK On raises $1 billion for global expansion

South Korean electric vehicle battery giant SK On plans to raise about KRW 1.3 trillion ($1 billion) to fund its global expansion through issuance of new shares before its initial public offering, according to its parent company SK Innovation.  Last week, SK Innovation disclosed SK On and itself will sign a shareholder's agreement with six South Korean consortium and financial investors including Korea Investment Private Equi…
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