Morgan Stanley buys 5.1% stake in Daqo

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Credit: Daqo

Morgan Stanley has taken a 5.1% stake in China-based polysilicon producer Daqo new Energy, according to an SEC filing.

The banking giant now holds 16.4 million shares in Daqo.

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Daqo produced mixed first quarter 2018 results as polysilicon production and shipments hit a new quarterly high, while multicrystalline wafer sales and shipments declined significantly.

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