DC Chemical block changes hands at 8% discount

An institutional investor reaps $364 million from the sale of a 4.7% stake in the Korean polysilicon producer.

An undisclosed institutional investor has sold W379 billion $364 million worth of shares in DC Chemical, taking advantage of a 15% gain in the past six trading days and positive sentiment surrounding the solar power sector that it supplies.

The Korean company makes about 40 different chemicals and in 2006 made a move into the production of polysilicon, which is the raw material used to make semiconductor wafers for solar cells. According to DC ChemicalÆs website, only seven other companies...

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