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Sugar firm Roxas Holdings Inc. (RHI) said it has asked the Philippine Stock Exchange (PSE) to suspend its shares for trading starting May 20. The company said in its disclosure that it decided to apply for a voluntary trading suspension to prevent speculation. Roxas Holdings shares gained 49.48 percent to…
Leandro Antonio L. Leviste, founder of Solar Philippines Power Project Holdings Inc. and son of Senator Loren Legarda, has purchased 76.5 million shares of ABS-CBN Corp. The said amount, according to Solar Philippines, is equivalent to 8.5 percent of the broadcast company, which was once the country’s largest. About 75.88…
MGen Renewable Energy Inc. (MGreen), a unit of listed power distributor Manila Electric Co. (Meralco), has acquired 2.17 billion shares of SP New Energy Corp. (SPNEC) from its parent Solar Philippines Power Project Holdings Inc. for P2.5 billion. This represents 4.34 percent of SPNEC, the company said in its disclosure…
MGen Renewable Energy Inc. (MGreen), a unit of Manila Electric Co. (Meralco), has completed its P15.9-billion investment in SP New Energy Corp. (SPNEC) and has taken a controlling stake in the solar company. Late last week, SPNEC received the approval of the Securities and Exchange Commission (SEC) to amend its…
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…