Posco Future M (003670 KS) announced today that it plans to complete a rights offering capital raise of 1.1 trillion won. We have a Negative view on POSCO Future M and this capital raise.
What is covered in the Full Insight:
Introduction to POSCO Future Chem's Capital Raise
Details of the Rights Offering
Market Performance and Rights Offering Impact
Strategic Investments and Future Plans
Financial Performance and Valuation Concerns
SUMMARY
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