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BY KYONG-AE CHOI GM Daewoo Auto & Technology Co, the South Korean unit of General Motors Co., said Friday it will raise 491.2 billion Korean won ($416 million) in a rights offering and use the proceeds to repay maturing debts and for other purposes.... [read full story]
Seoul - General Motors Co is injecting fresh capital into its struggling, debt-ridden South Korean affiliate GM Daewoo Auto and Technology Co by buying all 491.2 billion won (413 million dollars) of new stock it issued, GM...
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