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Sunpower Group Ltd. ( (SG:5GD) ) has shared an update.
Sunpower Group Ltd. has announced the resignation of two non-executive and non-independent directors, Mr. Li Lei and Ms. Wang Guannan, following the full redemption and cancellation of its existing bonds. The company successfully raised approximately S$98.36 million through a Rights Issue, using S$94.91 million to repay the bonds, which were redeemed and canceled before their maturity date. This financial maneuver has resulted in the resignation of directors appointed by the bondholders, indicating a shift in the company’s governance structure.
More about Sunpower Group Ltd.
YTD Price Performance: -18.00%
Average Trading Volume: 192,976
Technical Sentiment Signal: Strong Buy
Current Market Cap: S$163.1M
See more data about 5GD stock on TipRanks’ Stock Analysis page.
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