SPNEC shareholders approve P60-B stock swap

Solar Philippines Nueva Ecija Corporation’s stockholders have approved its increase in authorized capital stock and the P60 billion share swap with parent company Solar Philippines Power Project Holdings Inc.

In a disclosure to the Philippine Stock Exchange, the firm said it will raise its authorized capital to P50 billion from P10 billion and the new shares will be exchanged for the assets of Solar Philippines.

 

Source:

Manila Bulletin