PVTIME – Daqo New Energy Corp. (NYSE: DQ) (“Daqo New Energy,” the “Company” or “we”) provided updates on the status of the proposed initial public offering (“STAR Market IPO”) and listing of the shares of its subsidiary Xinjiang Daqo New Energy (“Xinjiang Daqo”).
During the 12th review meeting of 2021, the stock listing committee of the Shanghai Stock Exchange STAR Market reviewed Xinjiang Daqo’s application and considered that Xinjiang Daqo had met the offering, listing and disclosure requirements related to its potential STAR Market IPO. As a next step, Xinjiang Daqo will need to go through the registration process with the China Securities Regulatory Commission before Xinjiang Daqo’s STAR Market IPO can take place.
