Chinese polysilicon maker Daqo New Energy has received a new RMB825 million ($133 million) shot in the arm from the local bank in its Chongqing province.
A report yesterday (Thursday) run by the PR Newswire service, revealed the Chongqing Rural Commercial Bank has extended the poly maker and project developer a six-year, RMB625 million ($100 million) project financing loan as well as a one-year, RMB200 million ($33 million) loan facility.
From a 12-month high of $48.18 in September, Daqo shares yesterday closed at $20.96.
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