MGEN Renewable Energy Inc. (MGreen), the renewable energy development arm of Meralco Powergen Corp. (MGen), has signed a deal with SP New Energy Corp. (SPNEC) for the purchase of a controlling 50.5-percent stake, forking out an initial P7 billion for the subscription agreement.   Source: Manila Times

The Philippine Stock Exchange (PSE) has lifted the suspension on the trading of the shares of SP New Energy Corporation (SPNEC) on Friday, Dec. 1, after the firm reported that its public float has been raised to 20.02 percent to meet the minimum public ownership requirement of 20 percent.   Source: Manila Bulletin

Meralco unit MGen Renewable Energy and SP New Energy Corporation enter into an agreement. This for the subscription by Amgen of 15.7 trillion common shares and over 19 trillion preferred shares of SPNEC. Leandro Leviste’s firm has already received an initial payment from the Meralco subsidiary.   Source: ANC

A total of 1.68 billion shares valued at P4.41 billion changed hands, with the volume surge attributed to Leandro Leviste-led SP New Energy Corp. The firm commenced trading on Friday after a six-month suspension after it complied with the minimum public ownership rules of the exchange.   Source: Inquirer

SOLAR power provider SP New Energy Corp. (SPNEC) on Thursday disclosed a minimum public ownership (MPO) compliance plan as part of efforts to lift a trading suspension.   Source: Manila Times

SOLAR PHILIPPINES Power Project Holdings, Inc. (SPPPHI) has donated additional shares of its listed subsidiary to Asia Pacific Institute for Green Development, Inc. (Green Development) to comply with the stock exchange’s minimum public ownership (MPO) requirement.   Source: Business World