dc-chemical-block-changes-hands-at-8-discount

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.
May 20, 2008
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 in Germany and Japan produces this high-value chemical which is in short supply and has been responsible for creating bottlenecks in the solar power value chain. Consequently, solar power companies are scrambling to secure sufficient...
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