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