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Benzinga
Benzinga
World
The Bamboo Works

Daqo Taps Richly-Valued China-Listed Unit to Raise $1.7 Billion For Expansion

Daqo China U.S.-listed Inner Mongolia New York Xinjiang Daqo New Energy Doug Young Shanghai

Key takeaways:

  • Daqo New Energy will tap its China-listed subsidiary to raise funds for construction of a major new production facility in Inner Mongolia
  • Daqo’s holdings in the China-listed unit, Xinjiang Daqo, are worth more than four times its own latest market value
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