Daqo New Energy Corp (DQ) Key Developments | Reuters.com
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Daqo New Energy Corp (DQ)

DQ on New York Consolidated

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30 Jun 2016
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Latest Key Developments (Source: Significant Developments)

Daqo New Energy posts adj. earnings $1.12/basic ADS
Tuesday, 10 May 2016 06:41am EDT 

Daqo New Energy Corp : Daqo New Energy announces unaudited first quarter 2016 results . Adjusted earnings per basic ADS of $1.12 in q1 2016 . Q1 revenue $57.7 million versus $41.9 million . Polysilicon production volume of 3,405 mt in Q1 2016, compared to 3,547 mt in Q4 2015 . Qtrly earnings per basic ADS $0.80 . Expects to sell approximately 2,850 mt to 2,950 mt of polysilicon to external customers during Q2 of 2016 .Wafer sales volume is expected to be approximately 23.5 million to 24.0 million pieces for Q2.  Full Article

Daqo New Energy Corp announces share repurchase program
Wednesday, 26 Aug 2015 06:00am EDT 

Daqo New Energy Corp:Announces share repurchase program.Board has authorized Daqo New Energy to repurchase up to $10 million worth of own issued and outstanding ordinary shares.Says board of directors has approved a share repurchase program, effective for one year from Aug. 26.Rpt-daqo new energy corp. announces share repurchase program.  Full Article

Daqo New Energy Corp appoints Ming Yang as CFO
Tuesday, 30 Jun 2015 06:14am EDT 

Daqo New Energy Corp:Says appointment of Ming Yang as Chief Financial Officer and Shihua Su as Chief Marketing Officer.Says succeeding Tracy Zhou as Chief Marketing Officer is Shihua Su, who is currently acting Chief Financial Officer of co.  Full Article

Daqo New Energy Corp announces departure of Chief Financial Officer
Friday, 1 May 2015 06:00am EDT 

Daqo New Energy Corp:Says that chief financial officer, Bing Sun, is leaving the company to pursue other professional interests, effective April 30, 2015.The current general manager of the company's Xinjiang polysilicon facilities, Shihua Su, who previously served as its financial controller, will act as acting chief financial officer until a successor is on board.  Full Article

Daqo New Energy Corp announces pricing of registered follow-on offering of american depositary shares
Thursday, 5 Feb 2015 09:11am EST 

Daqo New Energy Corp:Says that it has priced registered follow-on offering of american depositary shares (ADSs) at $19.50 per ADS.Says that it will issue and sell 1,540,000 ADSs.Each ADS represents 25 ordinary shares of the company.Intends to use net proceeds from this offering for general corporate purposes, including studying feasibility of further expansion of its business, and working capital.Credit Suisse Securities (USA) LLC is acting as sole book-running manager and underwriter of offering.  Full Article

BRIEF-Daqo New Energy gets RMB500 million credit line approval

* Daqo New Energy obtains approval of RMB500 million credit line from Chongqing Rural Commercial Bank