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

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.

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