Metro Pacific Investments Corporation (MPIC) has signed definitive agreements for an option to invest up to a total of P23.75 billion for 19 billion shares and becoming the largest shareholder with approximately 42.82 percent of SP New Energy Corporation (SPNEC).
In a disclosure to the Philippine Stock Exchange, SPNEC said the option agreement granting MPIC or its affiliates the option was signed between the conglomerate and Solar Philippines Power Project Holdings, Inc. (SPPPHI) and SPNEC.
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