The board of Solar Philippines Nueva Ecija Corp. (SPNEC) has approved the increase in the company’s authorized capital stock to 50 billion shares from 10 billion shares, subject to stockholder and regulatory approvals. This would prepare SPNEC for asset-for-share swaps with Solar Philippines Inc., its parent firm, and additional capital…
Solar Philippines Nueva Ecija Corp., the newly listed solar developer, will do an asset-per-share swap with Solar Philippines to set the stage for future expansion and growth.
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THE Philippine Stock Exchange (PSE) has a lot to be thankful for this year. For one, it did not have to contend with the extreme volatility in prices that it saw in 2020, which triggered the three-tier circuit breaker a number of times. The circuit-breaker system allows the PSE to…
Stocks in the Philippines and most Asian bourses edged higher yesterday, cruising in the slipstream of another record-setting day on Wall Street, as traders shrugged off the worst fears of the impact of the Omicron variant and returned to risk assets.