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.
