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Hanwha Chemical – Solarfun strategic investment

US$370.00 m
  • Entry date - Thursday, 12 August 2010
  • Jurisdiction - China
  • Practice - .
  • Hanwha Chemical – Solarfun strategic investment

  • Firm
    O’Melveny & Myers
  • Client
    Solarfun Power Holdings Co. Ltd
  • Lead Lawyers
  • Role
    Counsel to Target


DEAL SUMMARY

  • The investment will give Hanwha Chemical a 49.99% stake in Solarfun

  • The transaction includes the issuance of approximately US$78m of newly issued shares by the company as well as the exit sale by Solarfun’s two largest shareholders

  • HCC is an affiliate of Hanwha Group, one of Korea's 10 largest conglomerates



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