Sunpower to Elevate $ 0.9 Million via Proposed Placement with Key Staff
Posted on Tue, Mar 30, 2021 / 00:38 GMT + 8 / Up to date 1 hour in the past
Wang, Feng, Yang and Zhou will every maintain 240,000 shares, or 0.03%, or $ 88,320 every.
SEE: Sunpower Secures RMB 180 Million M&S Contract from Present Buyer
The proposed placement is a part of Sunpower Group’s compensation framework in recognition of the contribution and significance of locations to the group. The location worth is a 54% low cost from the Quantity Weighted Common Worth (VWAP) of 80.02 cents for trades made on March 29. The location worth relies on the common preliminary buy worth paid by Sunpower for the redemption of the position. shares of 36.8 cents every. As of March 29, the group has issued capital of 791.8 million extraordinary shares. It is going to have an enlarged issued and paid-up capital of 794.3 million shares. The funding shares will signify 0.32% of the enlarged share capital of the group. The completion of the proposed placement is topic to plenty of circumstances, together with the approval in precept of SGX-ST and the approval of the shareholders of the corporate. The estimated internet proceeds of the Providing shall be roughly $ 860,000, which shall be used for normal working capital functions of Sunpower. Shares of Sunpower closed 2.5 cents greater or 3.2% at 80 cents on March 29.