SPNEC board approves hike in capital stock | VG Cabuag and Lorenz S. Marasigan

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…

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