South Korea's Hanwha Chemical has decided to abandon a plan to buy Indonesian chemical producer Sulfindo Adiusaha, in a potential US$700 million deal, as per Reuters. The potential deal was suspended either due to differences of opinion or pricing issue. The second round of bidding for Sulfindo due later this month, is expected to attract offers from foreign players including Thai conglomerate Siam Cement .Sulfindo is controlled by the Victoria Group, owned by Indonesia's Tanojo family, who also own small lender Bank Victoria and brokerage Victoria Securities.
21-Sep-11 
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