METRO Pacific Investments Corp. (MPIC) said on Monday that it had completed the acquisition of 1.6-billion common shares or an equivalent of 16% of the outstanding shares in SP New Energy Corp. (SPNEC).
In a regulatory filing, MPIC said that an agreement was also executed granting it an option to acquire up to 10-billion primary shares at a subscription price of P1.25 per share and up to 7.4-billion secondary shares at P1.25 each.
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