“We are already preparing the necessary prospectus, the necessary registration statement. The idea is to file the registration statement within the year and if market conditions are conducive, do the IPO by next year,” CREC president Oliver Tan said in an interview with ANC.
CREC recently signed a $100-million financing deal for its solar development vehicle Citicore Solar Energy Corp. with Pentagreen Capital, a sustainable infrastructure debt financing partnership established by shareholders HSBC and Temasek. The solar projects include the 36-megawatt Arayat 1 and 22-MW Arayat 2 in Pampanga which are already operational and the 125-MW Lumbangan project and the 72-MW Luntal project in Batangas which are already under construction.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more: