Sunpower Issues Nearly 20 Million Conversion Shares to Bondholders

MT Newswires

01/09

Sunpower (SGX:5GD) issued around 19.7 million conversion shares to bondholders at SG$0.25 per share, according to a Friday filing with the Singapore Exchange.

Following the issuance, the principle amount of the convertible bonds will be reduced to SG$98.7 million.

The new shares are expected to be listed and quoted on or about Jan. 12, the filing added.

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