SPNEC approves ₱4.98B asset swap to absorb 5 green assets

MGEN Renewables (SPNEC) approved a ₱4.98B asset swap to absorb 5 operational green assets. The company will issue ~3.11B shares at ₱1.60/share (a 30.08% premium) to boost revenues ahead of a potential re-IPO, and Terra Nueva will inject equity into Terra Solar PH.

Detected & updated continuously · Source: Nebula