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General Motor's South Korean unit issues $804 million in new preferred shares

FILE PHOTO - Cars made by GM Korea are seen in a yard of GM Korea's Bupyeong plant before they are transported to a port for export, in Incheon, west of Seoul August 9, 2013. REUTERS/Lee Jae-Won (Reuters)

SEOUL (Reuters) - General Motors' <GM.N> South Korean unit said on Monday that it plans to issue preferred shares worth 863 billion won ($803.69 million).

GM Korea said in a regulatory filing that about 25.4 million new preferred shares will be issued in June.

(Reporting by Joyce Lee; Editing by Sunil Nair)