Mainboard-listed Sunpower Group Ltd., an environmental protection solutions specialist with a leading edge in anti-pollution investment projects (Green Investments or GI) that generates long-term intrinsic value in the form of recurring income and cash flows, is pleased to announce that it has secured a Manufacturing and Services (M&S) contract with a total worth of approximately RMB77 M from its repeat customer, Jiangsu Hailun Petrochemical Co., Ltd.
Under the contract, Sunpower will provide heat exchanger equipment such as condensers, buffer tanks and heaters for a technology upgrading project at Jiangsu Hailuns PTA1 production facility. The Group expects to complete the delivery of the products by the H1 of 2020, which will have a positive impact on the Groups financial performance for the financial years ending 31 December 2019 (FY2019) and 31 December 2020 (FY2020).