Thursday, March 23, 2023
manilastandard.net
ADVERTISEMENT
  • About
  • News
    • Top Stories
    • National
    • World News
    • Pinoy Abroad
    • Features
  • Opinion
    • Editorial
    • Columns
    • Soundbytes
  • LGUs
    • NCR
    • Luzon
    • Visayas
    • Mindanao
  • Business
    • Corporate
    • Economy & Trade
    • Stocks
    • Money
    • Agri & Mining
    • Power & Tech
    • IT & Telecom
  • Sports
    • Basketball
    • Volleyball
    • Fightsports
    • Active
    • Sports Plus
    • One Championship
    • Columns
  • Entertainment
    • TV & Movies
    • Celebrity Profiles
    • Music & Concerts
    • Digital Media
    • Columns
  • Lifestyle
    • Food
    • Culture & Media
    • Fashion
    • Health and Home
    • Leisure
    • Shopping
    • Columns
  • Others
    • Pets
    • Pop.Life
      • Newsmakers
      • Hangouts
      • A-Pop
      • Post Its
      • Performances
      • Malls & Bazaars
      • Hobbies & Collections
    • Technology
      • Gadgets
      • Computers
      • Business
      • Tech Plus
    • MS ON THE ROAD
      • Sedan
      • SUV
      • Truck
      • Bike
      • Accessories
      • Motoring Plus
      • Commuter’s Corner
    • Home & Design
      • Residential
      • Commercial
      • Construction
      • Interior
    • Spotlight
    • Gallery
      • Photos
      • Videos
    • Events
      • Seminars
      • Exhibits
      • Community
    • Biyahero
      • Travel Features
      • Travel Reels
      • Travel Logs
  • Advertise with Us
No Result
View All Result
  • About
  • News
    • Top Stories
    • National
    • World News
    • Pinoy Abroad
    • Features
  • Opinion
    • Editorial
    • Columns
    • Soundbytes
  • LGUs
    • NCR
    • Luzon
    • Visayas
    • Mindanao
  • Business
    • Corporate
    • Economy & Trade
    • Stocks
    • Money
    • Agri & Mining
    • Power & Tech
    • IT & Telecom
  • Sports
    • Basketball
    • Volleyball
    • Fightsports
    • Active
    • Sports Plus
    • One Championship
    • Columns
  • Entertainment
    • TV & Movies
    • Celebrity Profiles
    • Music & Concerts
    • Digital Media
    • Columns
  • Lifestyle
    • Food
    • Culture & Media
    • Fashion
    • Health and Home
    • Leisure
    • Shopping
    • Columns
  • Others
    • Pets
    • Pop.Life
      • Newsmakers
      • Hangouts
      • A-Pop
      • Post Its
      • Performances
      • Malls & Bazaars
      • Hobbies & Collections
    • Technology
      • Gadgets
      • Computers
      • Business
      • Tech Plus
    • MS ON THE ROAD
      • Sedan
      • SUV
      • Truck
      • Bike
      • Accessories
      • Motoring Plus
      • Commuter’s Corner
    • Home & Design
      • Residential
      • Commercial
      • Construction
      • Interior
    • Spotlight
    • Gallery
      • Photos
      • Videos
    • Events
      • Seminars
      • Exhibits
      • Community
    • Biyahero
      • Travel Features
      • Travel Reels
      • Travel Logs
  • Advertise with Us
No Result
View All Result
manilastandard.net
No Result
View All Result
Home Business

PSE clears P1.87-b maiden offering of Alternergy Holdings

Jenniffer B. AustriabyJenniffer B. Austria
February 7, 2023, 7:55 pm
in Business, Stocks
Reading Time: 2 mins read
A A
Share on FacebookShare on TwitterShare on Email

The Philippine Stock Exchange said Tuesday it approved the P1.87-billion initial public offering of Alternergy Holdings Corp., a renewable energy company founded by former energy secretary Vince Perez.

The PSE said in a memorandum Alternergy planned to sell 1.15 billion primary shares, with an over-allotment option for another 115 million shares, at an offer price of P1.48 apiece.

Alternergy reduced the IPO size from an initial target of P2.2 billion. The company has yet to finalize the timetable for the offering.

The shares will be listed and traded on the main board of the PSE under the stock symbol “ALTER”.

The company plans to use the proceeds from the maiden offering to fund the development and construction of the Solana solar and Lamut hydro projects; payment for acquisition of Kirahon Solar Energy Corp. shares; and fund the pre-development expenses of pipeline projects.

ADVERTISEMENT

These include the Ibulao hydro and the Tanay Alabat and Calavite offshore wind projects.

Alternergy is a renewable energy holding company with a solid portfolio of project companies engaged in different renewable energy projects including wind, run-of-river hydro, solar farm and commercial rooftop, battery storage and offshore wind projects.

It has developed 67.24 megawatt of operating assets in wind and solar and an additional 62 MW of hydro and solar projects under construction since 2008.

Alternergy aims to develop 1,245 MW of additional renewable energy projects in the next five years.

The company engaged BDO Capital & Investment Corp. and Investment & Capital Corp. of the Philippines as the joint issue managers and joint lead underwriters for the offering.

Alternegy will be the second company to conduct an IPO this year.

The PSE earlier approved the maiden share offering of gadget retailer Upson International Corp. Jenniffer B. Austria

Tags: Alternergy Holdings Corp.initial public offeringIPOPhilippine Stock ExchangePSErenewable energyVince Perez
ADVERTISEMENT
Jenniffer B. Austria

Jenniffer B. Austria

Related Posts

ATLAS CONSOLIDATED MINING AND DEVELOPMENT CORPORATION: Notice of Annual Stockholders’ Meeting

byManila Standard
March 23, 2023, 6:30 am
0
8
Atlas booked P1.94-billion profit in six months

Read more

MANILA WATER COMPANY, INC.: Notice of Annual Stockholders’ Meeting

byManila Standard
March 23, 2023, 6:00 am
0
8
MANILA WATER COMPANY, INC.: Notice of Annual Stockholders’ Meeting

Read more

Bloomberry drops deal with Uy’s PH Resorts

byJenniffer B. Austria
March 22, 2023, 7:55 pm
0
8
Bloombery defers completion date of QC casino-hotel

Bloomberry Resorts Corp., the gaming company led by tycoon Enrique Razon Jr., dropped its plan to invest in two casinos...

Read more

Petronas and Phoenix agree to explore partnership in PH

byAlena Mae S. Flores
March 22, 2023, 7:50 pm
0
8
Petronas and Phoenix agree to explore partnership in PH

Malaysian oil company Petronas and Phoenix Petroleum Philippines signed a memorandum of understanding to explore partnership in the Philippines, including...

Read more

LTO plans to impose caps on driving school fees starting April 15

byDarwin G. Amojelar
March 22, 2023, 7:40 pm
0
8
‘LTO failed to enforce Motorbike Crime Act’

The Land Transportation Office said Wednesday said it will impose caps on driving school fees nationwide starting April 15 amid...

Read more

SMC, Batangas sign joint venture contract for P44-b expressway

byDarwin G. Amojelar
March 22, 2023, 7:40 pm
0
8
SMC completes vaccination drive at Quezon City jail

San Miguel Corp. on Wednesday signed a joint venture agreement with the provincial government of Batangas for the P44.77-billion Nasugbu-Bauan...

Read more

Print Edition

View More

Recent Posts

  • ATLAS CONSOLIDATED MINING AND DEVELOPMENT CORPORATION: Notice of Annual Stockholders’ Meeting
  • MANILA WATER COMPANY, INC.: Notice of Annual Stockholders’ Meeting
  • Sneakers for Makati : AB4.0
  • Teves suspended for 60 days
  • DOJ says 5 or 6 directly planned Degamo slay, brains known soon
  • House passed 23 priority bills, says Speaker
  • President: New EDCA sites scattered around PH
  • 23 cracks on ship’s surface counted, option to plug or siphon oil raised

Advertisement

Latest News

House passed 23 priority bills, says Speaker

byMaricel Cruz
March 23, 2023, 1:00 am
0
8
President: New EDCA sites scattered around PH

The House of Representatives succeeded in approving on third and final reading 23 of 31 bills identified by the Legislative-Executive...

Read more

President: New EDCA sites scattered around PH

byVince Lopezand2 others
March 23, 2023, 12:50 am
0
8
President: New EDCA sites scattered around PH

President Ferdinand R. Marcos Jr. said Wednesday the four new military bases that US troops may use under the Enhanced...

Read more

23 cracks on ship’s surface counted, option to plug or siphon oil raised

byVince Lopezand1 others
March 23, 2023, 12:40 am
0
8
Sunken tanker no sail permit

The Japanese remotely operated vehicle (ROV) tasked to find the sunken tanker that caused a massive oil spill off Oriental...

Read more

Marcos defends devolution review

byVince Lopezand1 others
March 23, 2023, 12:30 am
0
8
Journalist, former UP CMC dean Luis Teodoro passes away at 81

President Ferdinand Marcos Jr. on Wednesday defended his decision to review his predecessor Rodrigo Duterte’s devolution order of national government...

Read more

PH hires int’l lawyer to appeal ICC drug war probe

byManila Standard
March 23, 2023, 12:20 am
0
8

The Philippines has hired an international lawyer to help the country in its appeal to the International Criminal Court (ICC)...

Read more

Advertisement

ADVERTISEMENT
Facebook Twitter Instagram Youtube

ABOUT US

Manila Standard

Manila Standard website (manilastandard.net), launched in August 2002, extends the newspaper’s reach beyond its traditional readers and makes its brand of Philippine news and opinion available to a much wider and geographically diverse readership here and overseas.

Digital Edition

In tone and content, the online edition mirrors the editorial thrust of the newspaper. While hewing to the traditional precepts of fairness and objectivity, MS believes the news of the day need not be staid, overly long or dry. Stories are succinct, readable and written in a lively style that has become a hallmark of the newspaper.

Download – Today’s Paper

Search

No Result
View All Result

6th Floor Universal Re Bldg., 106 Paseo De Roxas cor. Perea Street, Legaspi Village, 1226 Makati City Philippines

Trunklines: 832-5554, 832-5556, 832-5558

© 2021 Manila Standard - Designed and Developed by Neitiviti Studios.

No Result
View All Result
  • About
  • News
    • Top Stories
    • National
    • World News
    • Pinoy Abroad
    • Features
  • Opinion
    • Editorial
    • Columns
    • Soundbytes
  • LGUs
    • NCR
    • Luzon
    • Visayas
    • Mindanao
  • Business
    • Corporate
    • Economy & Trade
    • Stocks
    • Money
    • Agri & Mining
    • Power & Tech
    • IT & Telecom
  • Sports
    • Basketball
    • Volleyball
    • Fightsports
    • Active
    • Sports Plus
    • One Championship
    • Columns
  • Entertainment
    • TV & Movies
    • Celebrity Profiles
    • Music & Concerts
    • Digital Media
    • Columns
  • Lifestyle
    • Food
    • Culture & Media
    • Fashion
    • Health and Home
    • Leisure
    • Shopping
    • Columns
  • Pop.Life
    • Newsmakers
    • Hangouts
    • A-Pop
    • Post Its
    • Performances
    • Malls & Bazaars
    • Hobbies & Collections
  • Technology
    • Gadgets
    • Computers
    • Business
    • Tech Plus
  • MS ON THE ROAD
    • Sedan
    • SUV
    • Truck
    • Bike
    • Accessories
    • Motoring Plus
    • Commuter’s Corner
  • Home & Design
    • Residential
    • Commercial
    • Construction
    • Interior
  • Spotlight
  • Gallery
    • Photos
    • Videos
  • Events
    • Seminars
    • Exhibits
    • Community
  • Biyahero
    • Travel Features
    • Travel Reels
    • Travel Logs
  • Pets
  • Advertise with Us

© 2021 Manila Standard - Designed and Developed by Neitiviti Studios.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Install Manila Standard Web App

Install App