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    Home > Chemicals Industry > International Chemical > Morgan Stanley holds a 5.1% stake in China Daqo New Energy

    Morgan Stanley holds a 5.1% stake in China Daqo New Energy

    • Last Update: 2022-12-27
    • Source: Internet
    • Author: User
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    U.
    S.
    investment bank Morgan Stanley already has a 5.
    1 percent stake
    in Chinese polysilicon and solar wafer maker Daqo New Energy.

    Morgan Stanley holds a 5.
    1% stake in China Daqo New Energy

    According to a report filed by the U.
    S.
    Securities and Exchange Commission (SEC), Morgan Stanley currently owns approximately 16.
    4 million shares of common stock
    .
    This equates to 656,100 American Depositary Shares (ADSs) and based on the closing price of Daqo New Energy, Morgan Stanley's 5.
    1% stake is worth approximately $44.
    6 million.

    Earlier this month, Daqo New Energy reported excellent financial results for the first quarter of this year, following record quarterly polysilicon production and external sales
    .

    U.
    S.
    investment bank Morgan Stanley already has a 5.
    1 percent stake
    in Chinese polysilicon and solar wafer maker Daqo New Energy.

    Equity

    Morgan Stanley holds a 5.
    1% stake in China Daqo New Energy

    Morgan Stanley holds a 5.
    1% stake in China Daqo New Energy

    According to a report filed by the U.
    S.
    Securities and Exchange Commission (SEC), Morgan Stanley currently owns approximately 16.
    4 million shares of common stock
    .
    This equates to 656,100 American Depositary Shares (ADSs) and based on the closing price of Daqo New Energy, Morgan Stanley's 5.
    1% stake is worth approximately $44.
    6 million.

    Earlier this month, Daqo New Energy reported excellent financial results for the first quarter of this year, following record quarterly polysilicon production and external sales
    .

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