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Benzinga
Benzinga
Politics
Anusuya Lahiri

SEC Adds Another Chinese Tech Firm To Its Provisional List After Baidu, iQIYI

SEC Daqo Baidu iQiyi NYSE DQ United States China
  • Daqo New Energy Corp (NYSE:DQ) acknowledged getting identified by the U.S. SEC under the Holding Foreign Companies Accountable Act on April 12. 
  • Daqo is a leading manufacturer of high-purity polysilicon for the global solar PV industry.
  • Such consecutive identification for three years could lead to a company's delisting from the NYSE.
  • Also Read: Baidu, iQIYI Explore Options After US SEC Added Them To Provisional List Pending Audit Review
  • Daqo said its filing of the FY21 Form 20-F pending audit review might have led to the identification.
  • Daqo looked to continued compliance with applicable laws and regulations in China and the U.S.
  • Price Action: DQ shares traded higher by 9.44% at $44.15 on the last check Wednesday.
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