Deals
Hanwha Chem to Buy Stake in Solarfun for $371 Million
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Hanwha Chemical Corp. said it will buy a 50 percent stake in Solarfun Power Holdings Co., a Chinese maker of solar cells and modules, for 434.1 billion won ($371 million) to diversify revenue sources.
The South Korean chemical producer will purchase 208.3 million shares, including new stock, Hanwha said in a regulatory filing today.