Suntech to Invest 798.99 Million Won in Subsidiary WithPS

Bitget2026/10/26 09:47

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Suntech's board resolved on Oct. 26, 2026, to invest in subsidiary With PS through a shareholder rights offering.
The company will acquire 41,200 shares for KRW 798.99 million, equivalent to 22.94% of its equity.
The acquisition will increase its holding to 339,750 shares, representing a 93.09% stake.
Completion is scheduled for Nov. 4, 2026, to support the subsidiary's growth by strengthening its financial structure.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Suntech Co. Ltd. published the original content used to generate this news brief via DART, the regulatory disclosure system operated by the South Korea Financial Supervisory Service (FSS) (Ref. ID: 20261026600686), on October 26, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Suntech to Invest 798.99 Million Won in Subsidiary WithPS

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