Xinjiang Daqo, Subsidiary of DAQO New Energy, Receives Verdict in Contract Dispute Retrial

Reuters

09/11

Xinjiang Daqo, Subsidiary of DAQO New Energy, Receives Verdict in Contract Dispute Retrial

Daqo New Energy Corp.'s subsidiary, Xinjiang Daqo, is involved in a legal dispute following a lawsuit filed by Xinjiang Xian'an New Materials Co., Ltd. and Xinjiang Dengbo New Energy Co., Ltd. The plaintiffs sought termination of a business cooperation agreement and compensation for alleged economic losses. The first instance court affirmed the termination of the agreement and awarded RMB3.30 million for losses and attorney fees, rejecting consequential damages claims. The case's final impact depends on the ultimate verdict.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. DAQO New Energy Corp. published the original content used to generate this news brief via PR Newswire (Ref. ID: CN71344) on September 11, 2025, and is solely responsible for the information contained therein.

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The plaintiffs sought termination of a business cooperation agreement and compensation for alleged economic losses. The first instance court affirmed the termination of the agreement and awarded RMB3.30 million for losses and attorney fees, rejecting consequential damages claims. The case's final impact depends on the ultimate verdict.\n      </p>\n</div><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<em>Disclaimer: <span>This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. DAQO New Energy Corp. published the original content used to generate this news brief via PR Newswire (Ref. ID: CN71344) on September 11, 2025, and is solely responsible for the information contained therein.</span></em>\n</div></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU0229945570.USD","symbol_name":"TEMPLETON BRIC \"A\" (USD) ACC","start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20250911:nNDL6J2kWL:1","article_id":"2566967534","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2566967534","pubTimestamp":1757588468,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"summary":"Daqo New Energy Corp.'s subsidiary, Xinjiang Daqo, is involved in a legal dispute following a lawsuit filed by Xinjiang Xian'an New Materials Co., Ltd. and Xinjiang Dengbo New Energy Co., Ltd. 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