MVP set to become SPNEC chair, CEO after MGreen investment

BUSINESSMAN Manuel V. Pangilinan is set to become chairman of SP New Energy Corp. (SPNEC), after MGen Renewable Energy (MGreen) completes its P15.9-billion investment in the solar energy firm founded by Leandro Leviste. In a disclosure to the Philippine Stock Exchange, SPNEC said MGreen made its balance payment of P8.9 billion to complete the acquisition. […]

Leandro Leviste’s SPNEC secures over 4,000 hectares for renewable energy projects

Bilyonaryo Leandro Leviste’s SP New Energy Corporation (SPNEC) and its subsidiaries have secured over 4,000 hectares, mostly in the provinces of Nueva Ecija, Bulacan, Tarlac, and Batangas through acqusition and lease agreements. SPNEC disclosed that of the over 4,000 hectares, over 3000 hectares were secured through deeds of sale or contracts to sell, and over […]

SPNEC gets shareholders nod for P61B share swap, increase in authorized capital

Stockholders of Leandro Leviste’s Solar Philippines Nueva Ecija Corp. (SPNEC) approved on Monday the increase in the company’s authorized capital stock as well as the P60.9 billion share swap deal with parent. SPNEC is raising its capitalization to 50 billion shares from 10 billion shares to facilitate the issuance of shares to Solar Philippines.   […]