MANILA, Philippines — Citicore Renewable Energy Corp. (CREC) of tycoon Edgar Saavedra has trimmed the size of its initial public offering (IPO) to just P7.97 billion from P12.9 billion following its landmark share sale deal with the Sy family’s SM Investments Corp. Based on its April 3 prospectus, CREC will offer up to 1.76 billion
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