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

April 13, 2022 12:22 PM | 1 min read |

Daqo New Energy Corp 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.