Metro Pacific Investments Corp. is increasing its stake in renewable company SP New Energy Corp. to 43 percent for P24 billion. SPNEC said in a stock exchange filing Monday its board approved an option agreement that would allow MPIC to acquire another 17.4 billion SPNEC shares including 10 billion primary
Metro Pacific Investments Corporation (MPIC) has signed definitive agreements for an option to invest up to a total of P23.75 billion for 19 billion shares and becoming the largest shareholder with approximately 42.82 percent of SP New Energy Corporation (SPNEC). In a disclosure to the Philippine Stock Exchange, SPNEC said
LEANDRO LEVISTE was only 20 years old when he said he started investing in Tesla and Solar City, both US companies that specialized in manufacturing solar panels. He observed that when the stock price of Tesla did well, it illustrated that the market had underestimated the potential for solar energy.
Solar Philippines Nueva Ecija Corporation’s change in its corporate name to SP New Energy Corporation (SPNEC) has started to be reflected on the systems of the Philippine Stock Exchange (PSE) on November 8, 2022. In a statement, the firm said this change reflects the company’s expansion from a single project
After Solar Philippines Nueva Ecija Corp., which is headed by young entrepreneur Lean Leviste, successfully launched its initial public offering last year and drew billions of pesos in investments, other solar energy companies had taken the same route to fund their operation. The future looks bright for RE projects in
Shareholders of Solar Philippines Nueva Ecija Corp. (SPNEC) gave a resounding vote of confidence to techpreneur Leandro Leviste and his massive plans for the power firm. SPNEC raised P2.8 billion from a stock rights offering which has been fully subscribed in both the first and second rounds on strong takeup
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
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
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
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
