Mergers & Acquisitions
Aug. 17, 2010
Deal Makers
Chinese solar company Solarfun Power Holdings Co. announced Aug. 9 that it entered into a strategic transaction with Hanwha Chemical Corp.
Chinese Solar Company Sells 49.99% Stake
Chinese solar company Solarfun Power Holdings Co. announced Aug. 9 that it entered into a strategic transaction with Hanwha Chemical Corp.
The deal, authorized by a special committee of the board, will give Hanwha a 49.99 percent stake in Solarfun. The $370 million stake will consist of $78 million of newly issued shares and exit sales by Yonghua Lu, Solarfun's founder an...
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