GM buys all new shares in S.Korea unit - GM Daewoo
Published: 22 Oct 2009 22:41:39 PSTSEOUL, Oct 23 - General Motor Co bought all of the new shares offered by its South Korean unit for 491.2 billion won ($413.4 million), GM Daewoo Automotive&Technology said on Friday.
GM Daewoo said in a statement that it had raised the money in an equity rights issue through an investment by majority shareholder, GM.
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