SPNEC to raise P10B via rights offer to fund massive solar projects

Solar Philippines Nueva Ecija Corp. will raise P10 billion by selling more shares a few months after going public to bankroll 10 gigawatts worth of solar energy projects.

In a disclosure to the Philippine Stock Exchange, the newly listed energy firm said it would file for stock rights offering in the second quarter of this year. The timing of the offer would depend on how quickly the company can win regulatory approvals.

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