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.   […]

Leandro Leviste’s SPNEC signs 10-year power supply deal

Listed Solar Philippines Nueva Ecija Corporation (SPNEC) has secured a power supply contract with Angeles Electric Corp. (AEC), the third-largest distribution utility in Luzon. SPNEC said this marks its first step towards supplying renewable energy to its home region of Central Luzon. Full Details: Bilyonaryo