MGen Renewable Energy Inc. (MGreen), a subsidiary of Manila Electric Company (Meralco), has completed its P15.9 billion acquisition of a controlling stake in SP New Energy Corporation (SPNEC). This comes after the Securities and Exchange Commission (SEC) approved the amendment to SPNEC’s articles...
Tycoon Manuel V. Pangilinan has taken over the helm of SP New Energy Corporation (SPNEC) after Manila Electric Company (Meralco), through MGen Renewable Energy (MGreen), completed its acquisition of a controlling stake in the solar energy firm for P15.9 billion. In a disclosure to the Philippine...
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. ...
The P15.9 billion investment to be injected by a subsidiary-company of Manila Electric Company (Meralco) into the Leviste-founded SP New Energy Corporation (SPNEC) will help ramp up the development of the latter’s pipelined solar-plus-energy storage projects. The utility firm announced that MGen...
Pangilinan-led Metro Pacific Investments Corp. (MPIC) is targeting to acquire up to 43-percent shareholdings in publicly listed SP New Energy Corp. (SPNEC). In a statement, it was disclosed that MPIC Chairman Manuel V. Pangilinan and SPNEC President and CEO Leandro Leviste signed the agreement for...
Tycoon Enrique K. Razon’s Prime Infrastructure Inc. has agreed to restructure its partnership with Leandro Leviste’s Solar Philippines Power Project Holdings, Inc. (SP) that involves three joint venture companies. In a disclosure to the Philippine Stock Exchange, SP said it has entered into a...
Solar Philippines Power Project Holdings, Inc. (SP) is offering to purchase any shares from SP New Energy Corporation’s (SPNEC) Stock Rights Offering (SRO) that are not fully-paid to ensure its completion by March. In a disclosure to the Philippine Stock Exchange, SPNEC said it is committed to...
Solar Philippines Power Project Holdings, Inc. (SP) is opening up subsidiary SP New Energy Corporation (SPNEC) to more strategic partners as it is planning private placements worth about P2.7 billion through asset-for-share swaps. In a disclosure to the Philippine Stock Exchange, SP said the...
Solar Philippines is preparing for the conversion of over 3,000 hectares in Nueva Ecija and Bulacan into industrial land this year after securing off-take agreements for its projects in 2022. In a disclosure to the Philippine Stock Exchange, SP New Energy Corporation (SPNEC) said it has already...
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...
Solar Philippines Nueva Ecija Corporation (SPNEC) aims to complete its acquisition of the assets of parent company Solar Philippines worth about P60 billion by the end of this year. In a disclosure to the Philippine Stock Exchange, the firm said that the conclusion of its P3.3 billion Stock Rights...
The Philippine Stock Exchange (PSE) has approved the stock rights offering of Solar Philippines Nueva Ecija Corporation, the renewable power company founded by Leandro Leviste, worth up to P3.34 billion. The PSE also approved the proposed SRO timetable, with an Ex-Date of August 22, 2022, Record...
