UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

 

FORM 6-K

 

 

 

REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13a-16 OR 15d-16 UNDER THE
SECURITIES EXCHANGE ACT OF 1934

 

For the month of July 2022

 

Commission File Number: 001-34602

 

DAQO NEW ENERGY CORP.

 

Unit 29D, Huadu Mansion, 838 Zhangyang Road,

Shanghai, 200122

The People’s Republic of China

(+86-21) 5075-2918

 

(Address of principal executive office)

 

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.

 

Form 20-F x Form 40-F ¨

 

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b) (1): ¨

 

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b) (7): ¨

 

 

 

 

 

 

EXHIBIT INDEX

 

Number     Description of Document  
     
Exhibit 99.1   Press release

 

2

 

 

SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

 

  DAQO NEW ENERGY CORP.
   
  By: /s/ Longgen Zhang
  Name:   Longgen Zhang
  Title: Director and Chief Executive Officer
Date: July 11, 2022  

 

3

 

 

Exhibit 99.1

 

Daqo New Energy’s Subsidiary Xinjiang Daqo successfully completes its private offering on the Shanghai Stock Exchange

 

Shanghai, China—July 6, 2022—Daqo New Energy Corp. (NYSE: DQ) ("Daqo New Energy", the "Company" or “we”), a leading manufacturer of high-purity polysilicon for the global solar PV industry, today announced that the Company’s major operational subsidiary, Xinjiang Daqo New Energy (“Xinjiang Daqo”), had successfully completed its private offering on the Shanghai Stock Exchange.

 

Xinjiang Daqo has issued 212,396,215 shares, representing approximately 9.94% of its total 2,137,396,215 shares outstanding immediately after the completion of the private offering. The shares were issued at a private offering price of RMB51.79 per share and the total gross proceeds to Xinjiang Daqo of the private offering are approximately RMB11 billion. Upon completion of the private offering, Daqo New Energy beneficially owns approximately 72.68% of Xinjiang Daqo’s shares.

 

About Daqo New Energy Corp.

 

Daqo New Energy Corp. (NYSE: DQ) (“Daqo” or the “Company”) is a leading manufacturer of high-purity polysilicon for the global solar PV industry. Founded in 2007, the Company manufactures and sells high-purity polysilicon to photovoltaic product manufactures, who further process the polysilicon into ingots, wafers, cells and modules for solar power solutions. The Company has a total polysilicon nameplate capacity of 105,000 metric tons and is one of the world's lowest cost producers of high-purity polysilicon.

 

For more information, please visit www.dqsolar.com

 

Daqo New Energy Corp.

Investor Relations

Phone: +86-187 1658 5553

Email: dqir@daqo.com

 

Christensen

 

In China

Mr. Rene Vanguestaine

Phone: +86 178 1749 0483

rvanguestaine@christensenir.com

 

In the U.S.
Mr. Tip Fleming
Phone: +1-917-412-3333
Email: tfleming@Christensenir.com