Hansol Chemical Co., Ltd. cancelled the acquisition of remaining minority stake in Hansol Electronic Materials (Xian) Co., Ltd.
November 13, 2013 at 11:00 pm
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Hansol Chemical Co., Ltd. (KOSE:A014680) agreed to acquire remaining minority stake in Hansol Electronic Materials (Xi'an) Co., Ltd. for KRW 20 billion in cash on November 14, 2012. Following the completion of the deal, Hansol Chemical Co will hold 100% stake in Hansol Electronic Materials. The transaction has been resolved by the Board of Directors of Hansol Chemical on November 14, 2012 and is expected to close by November 30, 2012.
Hansol Chemical Co., Ltd. (KOSE:A014680) cancelled the acquisition of remaining minority stake in Hansol Electronic Materials (Xi'an) Co., Ltd. on November 14, 2013.
Hansol Chemical Co Ltd is Korea-based company principally engaged in the manufacture and distribution of fine chemical products. The Company mainly produces fine chemical products including hydrogen peroxides which are bleaching agents used for semiconductors and wastewater treatment industries; synthetic latexes which are used for paper industries; polyacrylamides (PAMs) which are mainly used for wastewater treatment; sodium dithionites (SDs) which are used in the textile industries; and electronic material products for electrode protection, among others. The Company also provides transportation and other services.