Sunpower Group has secured two manufacturing and services (M&S) contracts worth RMB390 million ($80.5 million) on Feb 5.

The contracts were signed with one of the group’s existing customers in the chemical industry.

SEE: Analysts positive on Sunpower Group's M&S divestment

Under the contracts, Sunpower will supply condensers and rectifying columns to said customer.

The contracts will have a positive impact on the group’s financial performance in FY2022 as delivery is expected to be completed by 2022.

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Shares in Sunpower closed flat at 92 cents on Feb 5.