Daqo New Energy Corp. Announces Potential Plans to List Xinjiang Daqo on China's New Third Board
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Roth Capital Cuts Price target to $35 on Daqo New Energy (DQ) Following 2Q15
August 12, 2015 8:54 AM EDTRoth Capital maintained a Buy rating on Daqo New Energy (NYSE: DQ), and cut the price target to $35.00 (from $80.00), following the release of its 2Q15 earnings report. DQ posted revenues of $34mn vs consensus of $35mn. DQ guided Q3 sales volume to 2,100-2,200MT.... More
Daqo New Energy (DQ) Plans to Restructure Xinjiang Daqo Unit; Will Explore Potential Listing
August 12, 2015 7:40 AM EDTDaqo New Energy (NYSE: DQ) announced that it proposes to restructure Xinjiang Daqo New Energy Co., Ltd. ("Xinjiang Daqo"), a subsidiary of the Company, and is exploring the idea of listing Xinjiang Daqo separately on the National Equities Exchange and Quotations, an emerging over-the-counter market in China (the "New Third Board"). Xinjiang Daqo operates the polysilicon production facilities of the Company located in Shihezi, Xinjiang Uyghur Autonomous Region.
Pursuant to the restructuring plan, which has been approved by the board of directors of the Company and its audit committee, Xinjiang Daqo Investment Co.,... More
