SOLAR Philippines Nueva Ecija Corp. (SPNEC) is pushing through with its plan to build a solar power facility in Nueva Ecija using part of the proceeds from its initial public offering (IPO).
The company’s P2.7-billion IPO will commence following the green light from the Philippine Stock Exchange (PSE) and Securities and Exchange Commission (SEC).
SPNEC said it would use P1.3 billion primarily to complete the first 50 MW of the project.
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