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Solarfun Changes Name After Hanwha Chemical Buys Stake

Solarfun Power Holdings Co., a Chinese maker of solar components, said its board approved a change in its name to Hanwha Solar One, after South Korea’s Hanwha Chemical Corp. bought almost half the company.

The change reflects Solarfun’s business relationship with Hanwha Chemical, which bought a 49.99 percent stake in September, Solarfun said today in a statement.