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