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Sunpower Group Ltd. ( (SG:5GD) ) has provided an update.
Sunpower Group Ltd., a company incorporated in Bermuda, announced the use of proceeds from its recent rights issue. The company raised approximately S$98.36 million in net proceeds, of which S$94.91 million was used to fully repay the remaining principal amount of its existing convertible bonds. The remaining funds will be retained for working capital purposes, aligning with the company’s previously stated intentions.
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.