Solar Philippines Power Project Holdings Incorporated (SP) is planning to exchange 20 solar projects in its portfolio for 24.37 billion of outstanding shares of Solar Philippines Nueva Ecija Corporation (SPNEC). …
An independent financial advisor will conduct a third-party valuation and fairness analysis on the asset-for-share swap before it can be finalised.SP is reserving the subject assets for possible asset-for-share exchanges with SPNEC while the third-party review is ongoing. Certain solar projects are currently operational, while others are expected to begin operations in the future due to their scale.