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Synergy Grid to raise over P28 8 B from shares offer

Synergy Grid & Development Philippines Inc., which is a holding company affiliated with transmission firm National Grid Corporation of the Philippines (NGCP) is eyeing to raise more than P28.82 billion from its follow-on offering and sale of 1,053,500,000 common shares to the investing public.

NGCP sets aside ₧440B for 13-year capex program

The National Grid Corporation of the Philippines (NGCP) is earmarking P440 billion for capital expenditures (capex) from 2021 to 2033, as it intends to invest in 211 vital transmission projects across the country. In a preliminary prospectus filed by Synergy Grid and Development Philippines Inc., which owns 60 percent of…

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