SPNEC approves asset–for–share swap plan
Solar Philippines Nueva Ecija Corp. (SPNEC), the newly listed solar company, has approved its asset-for-share swap plan, which involves acquiring 100 percent of the outstanding shares of Solar Philippines Power Project Holdings Inc. and its affiliates in over 20 entities. Solar Philippines founder Leandro Leviste said the share swap was structured in a way that […]
STOCK COMMENTARY | Solar Philippines NEC bares plan to develop 10 GW of solar power capacity
Leandro Leviste’s Solar Philippines NEC [SPNEC 2.02 3.06%] disclosed that it is “firming up” plans to develop 10 gigawatts (GW) of solar projects. SPNEC said that it would be able to achieve this through asset-for-share swaps (yes, plural) with its parent company, Solar Philippines, which has been the holdco for all of Mr. Leviste’s solar projects in […]
Razon-Leviste joint venture seeking Meralco supply deal
Terra Solar, the joint venture of Solar Philippines Power Project Holdings Inc. of the Leviste Group and Prime Infrastructure Holdings Inc. of tycoon Enrique Razon Jr., submitted an unsolicited proposal to supply Manila Electric Co. with 850 megawatts (MW) of mid-merit power for a period of 20 years. Terra Solar has proposed solar power plants […]
Solar Philippines plans asset-for-share swap with SPNEC
Solar Philippines Power Project Holdings Inc. (SP), the parent company of Solar Philippines Nueva Ecija Corp. (SPNEC), is looking to swap its 20 solar projects in the pipeline for three times SPNEC’s current outstanding shares or 24.37 billion shares. Source: Philstar
Solar PH eyes swap of 20 projects with SPNEC shares
Solar Philippines Power Projects Holdings Inc. is open to swapping its solar portfolio with over 10,000 megawatts of developments for three times the current outstanding shares of Solar Philippines Nueva Ecija Corp. (SPNEC). SPNEC earlier announced that it will do an asset-for-share swap with its parent company, Solar Philippines, to jump-start its future expansion and […]
SPNEC posted net loss of P21M in September 2021
Solar Philippines Nueva Ecija Corp. (SPNEC) recorded a net loss of P21 million for the first quarter of its operations ending in September 2021, it reported in a disclosure. SPNEC said losses were mainly due to fees, taxes and licenses. Source: Inquirer
SPNEC posts earnings report from Q3/21
If there’s any confusion about SPNEC, my feeling is that it has to do more with its IPO as a non-operational company, rather than the fact in itself that the company is non-operational. Maybe that’s natural, since traders/investors here have only really been allowed to invest in IPOs from companies that could demonstrate consecutive years […]
Foreign funds take interest in SPNEC
Foreign fund managers are placing their bets on newly listed Solar Philippines Nueva Ecija Corp. (SPNEC), reflecting the growing interest among ESG (environmental, social, and governance) investors in renewable energy. SPNEC recently recorded P74.88 million in net foreign buying, according to data from the Philippine stock market. Source: PhilStar
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
SPNEC tops IPO outturn in 2021
Out of the 10 initial public offerings (IPOs) made on the Philippine Stock Exchange (PSE) in 2021, Solar Philippines Nueva Ecija Corp. (SPNEC) emerged as the top performer of the year with as much as 38 percent increase from its offer price days after its market debut. PhilStar said that the list was compiled by […]
