Alternative Holdings, a renewable energy company headed by former energy minister Vince Perez, has set the public offering price at 1.28 pesos per share for its initial public offering on March 24. The number of initial public offerings will be 1.15 billion shares, and a maximum of 1.3 billion shares will be issued, including additional sales through over-allotment. The public offering period is March 13-17. The funds raised will be used for construction funds for the company’s solar power generation development business and Lamut hydroelectric power generation business, as well as for the cost of business feasibility studies such as the planned Tanay wind power generation project and the Tablas Strait offshore wind power generation project. It is said to be (9th, Star)
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