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The latest announcement is out from Sunpower Group Ltd. ( (SG:5GD) ).
Sunpower Group Ltd. has announced the conversion of certain convertible bonds into new ordinary shares, resulting in the issuance of 3,053,100 conversion shares at a price of S$0.25 each. This conversion reduces the principal amount of convertible bonds to S$98,697,492 and increases the company’s total issued share capital to US$7,987,392.42, comprising 798,739,242 shares. The new shares will carry the same rights as existing shares, except for dividends and distributions with a record date before the registration date of the conversion shares. This move is expected to strengthen Sunpower’s financial position and enhance its market presence.
The most recent analyst rating on (SG:5GD) stock is a Hold with a S$0.50 price target. To see the full list of analyst forecasts on Sunpower Group Ltd. stock, see the SG:5GD Stock Forecast page.
More about Sunpower Group Ltd.
Sunpower Group Ltd. operates in the energy sector, focusing on the provision of environmental protection solutions and energy-saving products. The company is known for its innovative approach to sustainable energy and environmental protection technologies, catering to a diverse market that includes industrial and municipal clients.
Average Trading Volume: 1,641,132
Technical Sentiment Signal: Buy
Current Market Cap: S$393.9M
See more data about 5GD stock on TipRanks’ Stock Analysis page.