NEXGEN Energy Corp., the wind and solar power arm of Pure Energy Holdings Corp.. said Monday that the Philippine Stock Exchange (PSE) had approved its application for an initial public offering (IPO) of some 300 million common shares at a price of P1.68 per share.
In a notice, NexGen said the PSE also approved an overallotment or oversubscription option of 45 million shares, at the same price per share, from the selling shareholder, parent company Pure Energy.
Be the first to comment