SPNEC adjusts SRO offer price range
- July 13, 2022
- 0
Solar Phillippines Nueva Ecija Corp. (SPNEC) announced a price adjustment in its stock rights offering (SRO) price range to Php 1.50 to Php 1.75 per share following “interest in the success” of the offering.
“We also wish to highlight the option to pay in installment
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s, with a down payment of 25% and the balance of 75% within three months of the offer period,” SPNEC said in a disclosure to the Philippin buy zocor online in the best USA pharmacy https://www.meditestdiagnostic.com/wp-content/uploads/2025/08/png/buy-zocor.html no prescription with fast delivery drugstore
e Stock Exchange (PSE).
In March, SPNEC announced that the SRO price would be between Php 1.60 to Php 1.76 a piece.
Following the price adjustment, the aggregate offer amount went from Php 2.81 billion to Php 3.3 billion.
The offer period for eligible shareholders will be from August 30 to September 5, 2022.
SPNEC earlier said that the proceeds from the SRO will be used to fund the land acquisition of its solar projects in Nueva Ecija, Bulacan, and Quezon, as part of its goal to build a 10-gigawatt portfolio by 2025.
