GE To Invest $10M In Finetex

General Electric will invest $10 million in Finetex, a South Korean company that makes nano fibers for a range of different products.

NEW YORK (AP) -- General Electric Co. will invest $10 million in a South Korean company called Finetex EnE Inc. that makes nano fibers for a range of different products, the company said.

Finetex said GE's finance arm, GE Capital, has agreed to buy $10 million worth of bonds that will be convertible into stock after four years.

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