SPNEC adjusts price range of stock rights offering

SOLAR Philippines Nueva Ecija Corp. (SPNEC) has adjusted the price range of its stock rights offering to P1.50 to P1.75 per share, saying it was doing so “in the interest of the success” of the fundraising.

In its disclosure on Tuesday, the company also highlighted the option to pay in installments, with a downpayment of 25% and the balance of 75% within three months of the offer period.

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Business World