Home News Company in the news

Sunpower disposes manufacturing and services business for $463.0 mil

Felicia Tan
Felicia Tan1/1/2021 12:57 PM GMT+08  • 3 min read
Sunpower disposes manufacturing and services business for $463.0 mil
The company says it intends to declare a special dividend of about RMB1.34 billion to its shareholders.
Font Resizer
Share to WhatsappShare to FacebookShare to LinkedInMore Share
Scroll to top
Follow us on Facebook and join our Telegram channel for the latest updates.

Sunpower International, a wholly-owned subsidiary of Sunpower Group, has disposed of its manufacturing and services (M&S) business for a consideration of RMB2.29 billion ($463.0 million).

The company, on Dec 31, entered into a sale and purchase agreement with Nanjing Sunpower Holdings, where the latter will acquire the entire issued and paid-up share capital of Sunpower Technology (Jiangsu) Co, an indirect wholly-owned subsidiary of Sunpower Group.

By disposing of the shares, Sunpower Group says it will dispose the entire M&S business and all of the group’s property, assets, rights, undertakings and liabilities under the business.

For more insights on corporate trends...
Sign In or Create an account to access our premium content.
Subscription Entitlements:
Less than $9 per month
Unlimited access to latest and premium articles
3 Simultaneous logins across all devices
Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login)
×
Loading next article...
The Edge Singapore
Download The Edge Singapore App
Google playApple store play
Keep updated
Follow our social media
Subscribe to The Edge Singapore
Get credible investing ideas from our in-depth stock analysis, interviews with key executives, corporate movements coverage and their impact on the market.
© 2022 The Edge Publishing Pte Ltd. All rights reserved.
Unlock unlimited access to premium articles with less than $9 per month. Subscribe Now