Solar Philippines is preparing for an initial public offering (IPO) for its Nueva Ecija subsidiary, it announced Tuesday, November 2.
Solar Philippines Nueva Ecija Corporation (SPNEC) is aiming to be listed under the supplemental listing and disclosure requirements for renewable energy companies.
These rules, according to Solar Philippines, allow development-stage project companies to list, subject to certain requirements such as having a valid and subsisting service contract awarded by the Department of Energy.
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