Merkado Barkada February 15, 2022 | 8:00am The board of the solar power upstart, owned by Leandro Leviste, approved a plan to conduct a stock rights offering (SRO) to raise money from existing shareholders. Further details were not made available, such as the size of the raise, the price per SRO share, or the date of record that the SRO will use to determine eligible buyers. In the same disclosure, Solar Philippines NEC‘s__ \[SPNEC 2\.19 5\.29%\] __ board authorized the use of the SRO proceeds \(and whatever IPO proceeds there are, “as available”\) to buy land in support of SPNEC’s medium\-ter…