Citicore Renewable files for IPO

December 18, 2023 - 11:33 AM
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General view of one of the world's largest floating solar panel farms in Singapore, July 13, 2021, in this still image taken from video. Video taken on July 13, 2021. (Reuters/Chen Lin)

 Citicore Renewable Energy Corp, one of the Philippines‘ biggest solar power producers, on Monday said it has filed for an initial public offering.

Citicore plans to sell up to 3.335 billion shares, including an over-allotment option, at up to 3.88 pesos ($0.07) per share, to finance capital expenditures.

($1 = 55.80 Philippine pesos)

— Reporting by Neil Jerome Morales