Leandro Leviste grabs P12.7M SPNEC shares amid September slump

Bilyonaryo Leandro Leviste went bargain hunting on his solar power firm after its shares fell sharply below their recent stock rights offering price.

Leviste, through Countryside Investment Holdings, purchased a total of 10 million shares of Solar Philippines Nueva Ecija Corp. (SPNEC) at a price ranging from P1.26 to P1.28 on September 21.

The SPNEC chairman, president and CEO raised his stake in SPNEC by three percentage points to 57.34 percent worth P7.11 billion.

SPNEC has dropped 27 percent since the start of September.

The Yale dropout apparently felt SPNEC was a bargain at 17 percent below its stock rights offering (SRO) price of P1.50.

SPNEC announced last September 8 that it raised P2.8 billion from its fully subscribed SRO.

DOE raises RE utilization percentage for on-grid areas

The Department of Energy (DOE) has increased the percentage of the utilization of renewable energy for on-grid areas from one percent to 2.52 percent in line with the administration’s goal of transitioning towards a sustainable and clean energy future.

DOE raises RE utilization percentage for on-grid areas

The Department of Energy (DOE) has increased the percentage of the utilization of renewable energy for on-grid areas from one percent to 2.52 percent in line with the administration’s goal of transitioning towards a sustainable and clean energy future.

DOE raises RE utilization percentage for on-grid areas

The Department of Energy (DOE) has increased the percentage of the utilization of renewable energy for on-grid areas from one percent to 2.52 percent in line with the administration’s goal of transitioning towards a sustainable and clean energy future.

Germany raids properties belonging to Russian oligarch

German investigators on Wednesday raided properties belonging to a Russian oligarch suspected of tax evasion and breaking EU sanctions, police and prosecutors said, with sources naming billionaire Alisher Usmanov as the target.