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Sunpower to invest 54m yuan in Anhui build-operate-transfer project
HEAT transfer technology company Sunpower Group said it has secured a build-operate-transfer centralised steam project in the Anhui Quanjiao Economic Development Zone in China.
It will invest around 54 million yuan (S$11.8 million) for the first phase of the project.
The investment will be funded by net proceeds from a recent placement, bank loans and internal resources.
Sunpower closed up a cent to 27 Singapore cents, up 3.8 per cent, before the latest announcement.