SPNEC founder sets sights on Batangas
Leviste in a statement said the investment will help propel the development of rural Batangas and is part of the Countryside’s commitment to foster sustainable development within the region. Source: Malaya
Countryside will invest ₱5B in development of Batangas
Countryside Investments Holdings Corp., a company wholly owned by businessman Leandro Antonio L. Leviste, said it will invest over P5 billion to help propel the development of rural Batangas. Source: Business Mirror
Leviste-led Countryside to invest P5 billion in Batangas development
Countryside Investments Holdings Corporation, owned by businessman Leandro Leviste, disclosed its plan to invest over P5 billion to help boost the development of rural Batangas. Source: GMA
Leviste firm to invest P5 B to develop Western Batangas
In a statement, Leviste said this will be done in partnership with his renewable energy firm Solar Philippines Power Project Holdings, Inc. using funds raised from the sale of a majority stake in SP New Energy Corporation (SPNEC) to Meralco PowerGen Corporation (MGen) and other investors. Source: Manila Bulletin
MGreen, SPNEC formalize partnership
Billionaire Manuel Pangilinan’s Manila Electric Co. (Meralco) and businessman Leandro Leviste’s SP New Energy Corp. (SPNEC) officially formalized on Thursday their share subscription deal that will pave the way for a P15.9-billion investment in the latter’s projects. Source: Inquirer
MGreen makes first payment in SPNEC takeover
In a disclosure to the Philippine Stock Exchange on Friday, Dec. 1, SPNEC said the Leviste-led firm has received P7 billion last Nov. 30 from MGen Renewable Energy, Inc. (MGreen) as an initial payment towards its P15.9 billion investment. Source: Manila Bulletin
MGreen forks out initial P7B for SPNEC
MGEN Renewable Energy Inc. (MGreen), the renewable energy development arm of Meralco Powergen Corp. (MGen), has signed a deal with SP New Energy Corp. (SPNEC) for the purchase of a controlling 50.5-percent stake, forking out an initial P7 billion for the subscription agreement. Source: Manila Times
PSE lifts SPNEC trading suspension
The Philippine Stock Exchange (PSE) has lifted the suspension on the trading of the shares of SP New Energy Corporation (SPNEC) on Friday, Dec. 1, after the firm reported that its public float has been raised to 20.02 percent to meet the minimum public ownership requirement of 20 percent. Source: Manila Bulletin
SPNEC, MGen enter into subscription agreement
Meralco unit MGen Renewable Energy and SP New Energy Corporation enter into an agreement. This for the subscription by Amgen of 15.7 trillion common shares and over 19 trillion preferred shares of SPNEC. Leandro Leviste’s firm has already received an initial payment from the Meralco subsidiary. Source: ANC
Investors score blue chips, lifting PSEi
A total of 1.68 billion shares valued at P4.41 billion changed hands, with the volume surge attributed to Leandro Leviste-led SP New Energy Corp. The firm commenced trading on Friday after a six-month suspension after it complied with the minimum public ownership rules of the exchange. Source: Inquirer
