Thursday 02 Oct 2014

Woongjin Group Considering Sale of Woongjin Polysilicon

On the heels of Woongjin Holdings recent sale of Woongjin Coway to MBK Partners comes a report by Reuters saying that  Woongjin is also considering selling  Woongjin Polysilicon Co, its solar cell division. The sale is a part of Woongjin’s restructuring. While the decision to sell has yet to be made, Woongjin Polysilicon’s creditors, have been reported to have requested the repayment of a 300 billion won loan.

 

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