Samsung Fine Chemicals Co., Ltd. has reported a new stake in the recently public company Sunedison Semiconductor Ltd (NASDAQ:SEMI). The new shareholder owns around 7.2 million shares of the company, the passive stake amassing over 17% of the company’s outstanding stock. At the current share price of Sunedison Semiconductor Ltd (NASDAQ:SEMI), the value of Samsung Fine Chemicals’ position amounts to $111.24 million.
Sunedison Semiconductor Ltd (NASDAQ:SEMI) is a $624.60 million market cap company that is involved in development, production and sale of silicon wafers to the semiconductors industry. The company went public at the end of May, and since then, its stock edged down by 0.6%.