The Philippine Stock Exchange has given the green light to the P3.3-billion stock rights offering of Solar Philippines Nueva Ecija Corp., the power company founded by Leandro Leviste.
Listed Solar Philippines Nueva Ecija Corp. (SPNEC) said the offer period for its stock rights offering (SRO) will start on August 30 and will end on September 5, according to the preliminary terms it released on Tuesday. The company said it is offering some 1.87 billion in rights shares to…