SPNEC seeks SEC nod for rebranding to MGEN Renewable Energy Holdings

SP NEW ENERGY CORP. (SPNEC) said it has applied for regulatory approval to change its corporate name to MGEN Renewable Energy Holdings, Inc., as part of a broader rebranding initiative within its parent group.

- — Sheldeen Joy Talavera

In a statement on Thursday, SPNEC said it filed an application with the Securities and Exchange Commission (SEC) to amend its corporate name and change its stock symbol to MGENR.

The company said the move forms part of the “ongoing rebranding initiative” of its parent, Meralco PowerGen Corp. (MGEN), which began in August last year.

“It aims to strengthen alignment and consistency across the One MGEN group as it presents a unified identity for its diversified power generation portfolio, including renewable energy,” SPNEC said.

SPNEC added that the initiative is intended to “enhance clarity and ease of identification for stakeholders and does not involve any changes to SPNEC’s ownership structure, operations, or existing renewable energy projects.”