SP NEW ENERGY CORPORATION

SP NEW ENERGY CORPORATION

SPNEC receives P2.8B of SRO

March 8, 2023

  SP Energy Corp. (SPNEC) has received P2.8 billion out of the stock rights offers (SRO) it issued recently, equivalent to 99.9 percent of the subscriptions. The proceeds of the fund raising will be used for project development, including the acquisition of land in Nueva Ecija and Bulacan. This has increased the company’s publicly-owned shares to 4.75 billion of the company’s 10 billion outstanding shares. The company said with this, …

SPNEC Annual Stockholders Meeting 2022 (August 30, 2022)

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*VIDEO FOR VISUALIZATION PURPOSES ONLY

SOLAR PHILIPPINES

NUEVA ECIJA CORPORATION

March 8, 2023

SPNEC receives P2.8B of SRO

  SP Energy Corp. (SPNEC) has received P2.8 billion out of the stock rights offers (SRO) it issued recently, equivalent to 99.9 percent of the subscriptions. The proceeds of the fund raising will be used for project development, including the acquisition of land in Nueva Ecija and Bulacan. This has increased the company’s publicly-owned shares […]
February 13, 2023

Solar Philippines, Prime Infra advance solar team-up

MANILA, Philippines — Solar Philippines and Razon-led Prime Infra have agreed to advance their partnerships covering several solar projects. In a disclosure last Friday, SP Energy said its board approved the planned memorandum of agreement (MOA) between Solar Philippines and Prime Infra.     Source: Philstar
February 10, 2023

Solar PH commits to buy unpaid shares in SRO

Solar Philippines Power Project Holdings Inc. said it will be taking up whatever shares out of the P2.7 billion stock rights offer (SRO) of its listed unit SP New Energy Corp. were not completely paid by March. “Based on indications of interest for SPNEC’s shares, the company believes that the partially paid SRO shares will […]
January 30, 2023

More tie-ups eyed for SP New Energy

SOLAR Philippines Power Project Holdings Inc. is opening up its listed unit SP New Energy Corp. to more strategic partnerships with groups, which could be worth about P2.7 billion in private placements and asset-for-share swaps. The company said in its disclosure that its deal last week with ACEN Corp., the energy firm of the Ayala […]
January 27, 2023

SPNEC eyes more private placements

MANILA, Philippines — SP New Energy Corp. (SPNEC) plans to undertake more private placements. “We are open to further broadening SPNEC’s shareholder base, to build a more widely-held company and accelerate the development of solar in the Philippines,” said Solar Philippines founder Leandro Leviste. Source: PhilStar
January 26, 2023

ACEN to acquire 5% stake in SPNEC

According to ACEN President and CEO John Eric T. Francia, the shares to be acquired will account for 5.0-percent equity of the company, as reckoned prior to SPNEC’s infusion of assets. Based on the omnibus loan and security agreement (OLSA) inked by the parties, the repayment of the loan had been set on July 2, […]
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SPNEC Annual Stockholders Meeting 2022 (August 30, 2022)

Click here to register

*FOR VISUALIZATION PURPOSES ONLY