Leviste’s Solar Philippines further cuts stake in SPNEC, raises P3B

Solar Philippines Power Project Holdings Inc. (SPPHI), an embattled firm backed by Batangas Rep. Leandro Leviste, has gained P3 billion following its move to cut its stake in Pangilinan-led SP New Energy Corp. (SPNEC). Based on a regulatory filing on Tuesday, the solar company sold 2.4 billion shares priced at P1.25 apiece. READ: DOE seeks