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Sunpower Group Ltd. ( (SG:5GD) ) has provided an update.
Sunpower Group Ltd. has announced revisions to its proposed rights issue of convertible bonds, amounting to up to S$99,609,642. The company is seeking to list these bonds and the resulting shares on the Singapore Exchange, which marks a shift from its initial plan not to list them. This strategic move aims to ensure an adequate spread of holdings for an orderly market, potentially impacting the company’s financial standing and stakeholder interests.
More about Sunpower Group Ltd.
Sunpower Group Ltd. operates in the energy industry and is incorporated in Bermuda. The company focuses on providing energy solutions, particularly through the issuance of convertible bonds and other financial instruments.
YTD Price Performance: -6.00%
Average Trading Volume: 112,992
Technical Sentiment Consensus Rating: Strong Buy
Current Market Cap: S$187M
For a thorough assessment of 5GD stock, go to TipRanks’ Stock Analysis page.