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 group, is just the start to broaden SPNEC’s investor base.


Business Mirror