Sunpower Allots, Issues 3 Million Conversion Shares

MT Newswires

03/20

Sunpower (SGX:5GD) allotted and issued 3.0 million conversion shares to bondholders at SG$0.25 per share, according to a Friday filing with the Singapore Exchange.

Following the issuance of the shares, the principle amount of the convertible bonds was reduced to SG$93.8 million.

The new shares are expected to be listed and quoted on or about March 23, the filing added.

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