By Doug Young. Its inclusion in a couple of solar promotion programs powered solar farm builder ReneSola Ltd. to a market-beating performance on Tuesday, defying a bigger selloff that saw the S&P 500 index drop into bear territory. For the record, a stock or broader index is defined as entering bear territory when it drops by 20% or more from a recent high.
Daqo New Energy Corp (DQ): * DAQO NEW ENERGY'S SUBSIDIARY XINJIANG DAQO RECEIVES APPROVAL FROM CSRC FOR ITS PLANNED PRIVATE OFFERING IN CHINA'S A-SHARE MARKET. * XINJIANG DAQO INTENDS TO RAISE UP TO RMB11 BILLION FROM THIS PRIVATE OFFERING. * APPROVAL FROM CHINA SECURITIES REGULATORY COMMISSION IS VALID UNTIL MAY 29, 2023.
SHANGHAI, June 9, 2022 Daqo New Energy Corp. (DQ), a leading manufacturer of high-purity polysilicon for the global solar PV industry, today announced that its subsidiary, Xinjiang Daqo New Energy (DQ), has received approval from the China Securities Regulatory Commission for its planned private offering in China's A-share market.
Daqo New Energy Corp., together with its subsidiaries, manufactures and sells polysilicon to photovoltaic product manufactures in the People's Republic of China. Its products are used in ingots, wafers, cells, and modules for solar power solutions.…
Daqo New Energy Corp., together with its subsidiaries, manufactures and sells polysilicon to photovoltaic product manufactures in the People's Republic of China. Its products are used in ingots, wafers, cells, and modules for solar power solutions. The company was formerly known as Mega Stand International Limited and changed its name to Daqo New Energy Corp. in August 2009. Daqo New Energy Corp. was founded in 2006 and is based in Shanghai, the People's Republic of China.
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