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Solar PH to buy unpaid SPNEC SRO shares

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 com

Stocks to take cues from Fed meeting

While the local stock market is seen to be consolidating, it will take its cue from the outcome of the US Federal Reserve’s first meeting of the year which will be held this year. “The local market has been moving sideways within the 7,000 - 7,100 resistance range as it is having a hard time getti

SPNEC eyes more asset-for-share swaps

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 acqui

ACEN to acquire shares in SPNEC

Ayala-led ACEN Corporation will be acquiring five percent, equivalent to 500 million shares, in listed firm SP New Energy Corporation (SPNEC), a subsidiary of Leviste-founded Solar Philippines, as prepayment to a loan it extended to the latter for a solar farm development in Central Luzon. In

SPNEC converting 3,000 has into industrial land

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 fu

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