Express News | Daqo New Energy Unveils $100M Share Buyback Program, Effective Through June 2025
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Daqo New Energy (DQ.US) announces a share buyback plan of 0.1 billion US dollars.
On July 22, Gelunhui announced that Daqo New Energy (DQ.US) Board of Directors has approved a share buyback plan of up to $0.1 billion, which will take effect immediately and continue until June 30, 2025. The Board of Directors has authorized Daqo New Energy to repurchase up to $0.1 billion of its outstanding ordinary shares or American Depositary Shares ("ADS") in open-market purchases, privately negotiated transactions, block trades or other legal means in accordance with applicable U.S. securities laws. The company is expected to primarily use its potential available cash and existing cash balances to fund this plan.
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Express News | Daqo New Energy Shares Are Trading Higher After the Company Announced a $100 Million Share Repurchase Program
Express News | Daqo New Energy Corp Says Expects to Fund Repurchase Program Primarily Out of Its Potentially Available Cash, as Well as Its Existing Cash Balance
Express News | Daqo New Energy Announces $100 Million Share Repurchase Program
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