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Sunpower Group Ltd. ( (SG:5GD) ) has issued an announcement.
Sunpower Group Ltd., a company incorporated in Bermuda, held a Special General Meeting to discuss key financial decisions impacting its future. The meeting’s main agenda was to approve a renounceable non-underwritten rights issue of up to S$99,609,642 in Convertible Bonds, which could be converted into ordinary shares. Additionally, the meeting addressed a whitewash resolution to waive the rights of independent shareholders to receive a mandatory general offer from BLP Capital and its concert parties, and the potential transfer of controlling interest to BLP Capital. These decisions could significantly impact the company’s financial structure and shareholder dynamics.
More about Sunpower Group Ltd.
YTD Price Performance: -16.00%
Average Trading Volume: 185,157
Technical Sentiment Signal: Strong Buy
Current Market Cap: S$167.1M
Learn more about 5GD stock on TipRanks’ Stock Analysis page.