HHI is simply walking away from its investment in KAM to avoidlosing any more money and transferring its stake to KCC for free, according to theKorea IT Times.
HHI formed KAM alongside the polysilicon maker KCC in 2008,with an eye towards securing feedstock for its cell business at a time whenpolysilicon prices were through the roof.
Since then, however, prices have crashed back to Earth and anumber of Korean PV producers are understood to have contemplated pulling backfrom the sector in the face of blistering Chinese competition.
