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Two Hanwha units plan to sell 9 mln shares in sister insurer's IPO
SEOUL, Feb 9 (Yonhap) -- The two units of Hanwha Group plan to sell part of their stakes in the group's life insurance affiliate when the company goes public in March, the firms said Tuesday.
Hanwha Corp., a chemical-making unit, plans to sell 4.5 million shares in Korea Life Insurance Co. when the third-largest life insurer conducts initial public offering (IPO), the company said in a regulatory filing.
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