UK fund buys into CREC, invests $12.5M

MANILA, Philippines — Edgar Saavedra-led Citicore Renewable Energy Corp. (CREC), the second company to brave the stock market this year, has garnered support from international investors for its initial public offering (IPO) via a $12.5-million investment from the UK government’s Mobilist Programme. Despite a positive opening on Friday, the renewable energy firm closed unchanged at
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