SG-listed Sunpower Group to raise $70m from Chinese PE investors

Singapore-listed Chinese environmental protection solutions specialist Sunpower Group has announced plans to raise $70 million by issuing a second tranche of convertible bonds due 2022 to its two existing Chinese investors, according to a company filing.

Sunpower Group disclosed that DCP Capital Partners and CDH China Asset Management Company Ltd will subscribe to $70-million worth of the company’s bonds, which are convertible into fully paid ordinary shares in the capital of Sunpower Group.

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter