Daqo new energy's subsidiary xinjiang daqo announces proposed private offering of rmb11 billion in ordinary shares for its 100,000 mt polysilicon expansion project in china

Shanghai, jan. 24, 2022 /prnewswire/ -- daqo new energy corp. (nyse: dq) ("daqo new energy," the "company" or "we"), a leading manufacturer of high-purity polysilicon for the global solar pv industry, today announced that its subsidiary, xinjiang daqo new energy ("xinjiang daqo"), intends to offer ordinary shares, subject to market conditions and other factors, in a private offering to qualified institutional buyers in compliance with the shanghai stock exchange science and technology innovation board (the "star market") in china for its 100,000 mt polysilicon expansion project. the gross proceeds of the private offering are expected to be approximately rmb11 billion, the majority of which will be used to fund xinjiang daqo's 100,000 mt polysilicon expansion project in baotou, inner mongolia, china.
DQ Ratings Summary
DQ Quant Ranking