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Kolon Industries sells Hana Capital stake to Hana Financial

South Korea's Kolon Industries Inc. said Feb. 6 that it sold a 49.87% stake in Hana Capital Co. Ltd. to Hana Financial Group Inc.

Under the deal, Kolon Industries sold 6,177,181 common shares and 756,299 preferred shares in the consumer finance company to Hana Financial.

Following the deal's closing Feb. 6, Hana Financial owns a 100% stake in Hana Capital.