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 be fully paid, and to the extent any of these are not yet fully paid …

SPNEC Annual Stockholders Meeting 2022 (August 30, 2022)




September 9, 2022

Solar Philippines raises P2.8B via stock rights offering

Leandro Leviste-led Solar Philippines Nueva Ecija Corp. (SPNEC) has raised P2.8 billion from its stock rights offering. SPNEC, in a disclosure on Thursday, said 1.88 billion shares were fully subscribed by public shareholders in the first and second rounds of its rights offer. Source: Inquirer
September 8, 2022

SPNEC’s P2.8-B SRO fully subscribed

Solar Philippines Nueva Ecija Corporation’s (SPNEC) P2.8 billion stock rights offering has been fully subscribed due to strong demand from its existing shareholders despite the challenging market conditions. In a disclosure to the Philippine Stock Exchange, the firm said the 1.88 billion new common shares were fully subscribed in the first and second round of […]
August 31, 2022

SPNEC SRO to fund 10 GW projects

SOLAR Philippines Nueva Ecija Corp. (SPNEC) said the P2.8-billion proceeds from its ongoing stock rights offering (SRO) will complete funds that the company plans to invest for the development of its 10 gigawatts (GW) of projects. “The SRO’s P2.8-billion proceeds will help complete the P10 billion that we plan to invest to complete the development of 10 […]
August 30, 2022

Nueva Ecija Solar Farm Update

The Nueva Ecija Solar Farm has been made possible thanks to all the supporters of #SPNEC, and is the first phase of what is planned to become the world’s largest solar farm. Stay tuned for more videos and updates on projects from the team of Solar Philippines, as we turn #SPNEC into #SPNewEnergy. WATCH: Nueva […]
August 29, 2022

SPNEC’s SRO favors long-term investors — analysts

ANALYSTS see the stock rights offering (SRO) of Solar Philippines Nueva Ecija Corp. (SPNEC) to be more appealing to long-term investors as they expect its business to grow in the long run amid favorable government support for green energy projects. “Long-term investors who wish to subscribe to the SRO can look forward to a bright […]
August 28, 2022

SPNEC’s SRO key to its 10-GW goal

The P2.8 billion to be raised by Solar Philippines Nueva Ecija Corporation (SPNEC) from its ongoing stock rights offering will be a catalyst for its goal of expanding into a P400-billion renewable energy company with a total capacity of 10 gigawatts (GW).   “The SRO’s P2.8 billion proceeds will help complete the P10 billion that […]

SPNEC Annual Stockholders Meeting 2022 (August 30, 2022)