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Sunpower secures M&S contract worth RMB180 mil from existing customer

Felicia Tan
Felicia Tan • 1 min read
Sunpower secures M&S contract worth RMB180 mil from existing customer
Shares in Sunpower closed 0.5 cent lower or 0.6% down at 79.5 cents on March 22.
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Sunpower has secured a Manufacturing & Services (M&S) contract worth RMB180 million ($37.1 million) for an existing customer in the polycrystalline silicon industry on March 22.

Under the contract, Sunpower will supply core equipment to the customer’s project, and delivery is expected to be completed in 2022.

The contract, which the company is currently executing on, is expected to have a positive impact on the group’s FY2021 and FY2022 results.

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