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