Xinjiang Daqo New Energy Co.Ltd(688303) announced on February 17 that after receiving the notice on accepting the application for securities issuance of Xinjiang Daqo New Energy Co.Ltd(688303) science and innovation board listed companies issued by Shanghai Stock Exchange, Shanghai Stock Exchange checked the prospectus for securities issuance and relevant application documents submitted by the company, considered that the application documents were complete and in line with the legal form, and decided to accept them and review them according to law.
According to the fixed increase plan, the issuance target of this issuance is no more than 35 specific investors, the number of shares issued is no more than 578 million, and the total fund-raising is no more than 11 billion yuan. Among them, 8.003 billion yuan is used for the project of high-purity silicon-based materials with an annual output of 100000 tons, and 2.997 billion yuan is used to supplement working capital.
The company said that the issue of A-Shares to specific objects needs to be reviewed by the Shanghai Stock Exchange and approved by the China Securities Regulatory Commission before it can be implemented. Whether it can finally pass the review of the Shanghai Stock Exchange and obtain the approval of the CSRC for registration and its time are still uncertain.
