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...

FinanceAsia has updated its subscription model. Registered readers now have the opportunity to read five articles from our award-winning website for free. Please subscribe for unlimited access.

Click for more on: placement | selldown | polysilicon | solar power | ubs

Print Edition

FinanceAsia Print Edition