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UPDATE: Daqo New Energy Corp. Shares Now Up 29% on Wong Appointment

Daqo New Energy Corp. ( DQ ) shares have surged 29% to $8.91, falling back from the day's high of $9.80, after the company announced the appointment of Arthur Wong as an independent director.

Wong will also serve as the chair for the company's audit committee, a member of the compensation committee and a member of the corporate governance and nominating committee. The appointment becomes effective on December 24, 2012.

DQ shares have traded in a day range of $6.95 - $9.80, with a 52-week range of $3.40 - $20.75.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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