An unknown buyer signed a contract to acquire 6.73% stake in Woongjin Energy Co., Ltd. (KOSE:A103130) from Hanwha Chemical Corporation (KOSE:A009830) for KRW 8.5 billion on June 20, 2018. Under the terms of the acquisition, 2 million shares will be acquired at KRW 4235 per share. Upon completion, Hanwha Chemical will not hold any stake in Woongjin Energy. The Board of Hanwha Chemical passed a resolution on the deal on June 20, 2018 and the deal is expected to close on June 20, 2018.

An unknown buyer completed the acquisition of 6.73% stake in Woongjin Energy Co., Ltd. (KOSE:A103130) from Hanwha Chemical Corporation (KOSE:A009830) on June 21, 2018.