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 needs P10B to meet his green energy targets, mulls private placement of SPNEC shares
Solar Philippines Nueva Ecija Corp. (SPNEC) is tapping the capital market anew to fast-track the development of 10 GW of solar power projects. In a statement, SPNEC said it was looking to conduct a stock rights offering in the second quarter and a private placement of shares with institutional investors to complete the capital required […]
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
Leviste’s SPNEC is best IPO of 2021; DDMPR of Injap Sia, Tony Tan Caktiong avoid worst of tag only because Jojo Villar’s MEDIC is just historically bad
Bilyonaryo reported Tuesday that SPNEC was hailed as the best initial public offering of 2021, with a 28 percent gain from its offer price of P1. It noted that SPNEC achieved such remarkable gain amid massive selling pressure, canceled orders, and other negative factors affecting the market. Source: Bilyonaryo
