Megawide group lists third company on PSE

MANILA, Philippines — The Megawide Group of tycoon Edgar Saavedra listed its third company—Citicore Renewable Energy Corp. (CREC)—on the main board of the Philippine Stock Exchange (PSE) on Friday, raising P5.5 billion from its initial public offering (IPO). CREC offered 2.03 billion shares at P2.70 each. This is a 30.4-percent discount from the maximum target
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