SOLAR Philippines Nueva Ecija Corp. (SPNEC) said its board of directors had approved its plan to conduct a stock rights offering (SRO) to buy land for the development of 10 gigawatts (GW) of solar projects.
In a disclosure to the exchange on Monday, SPNEC said its board during its Feb. 14 meeting had given the green light to allow its eligible stockholders to subscribe to common shares of the company through the SRO.
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