India, Aug. 26 -- Daqo New Energy Corp. (DQ), a manufacturer of high-purity polysilicon for the global solar PV industry, Tuesday announced that its board of directors has approved a $100 million share repurchase program, effective today through December 31, 2026.
The board of directors has authorized Daqo New Energy to repurchase up to $100 million worth of its own issued and outstanding ordinary shares or American depositary shares representing ordinary shares in open-market purchases.
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The company expects to fund the repurchase primarily out of its existing cash balance. The repurchase program does not obligate Daqo New Energy to acquire any number of ...