Reported on November 25th, the Filipino Power Group said on the 25th that it is discussing with potential investors the stake in the global energy holding company of the group's subsidiary. Taking into account factors such as market instability, the company recently cancelled a public offering of 850 million U.S. dollars worth of shares. Shengli Group is the most important food and beverage producer in Philippines. It has expanded its business to the electric power industry in recent years. Currently, it controls nearly 30% of Luzon Island's total installed capacity. It plans to install a clean energy power project in the next ten years. With an increase in capacity of 3 million kilowatts, it is estimated that it will cost 90.4 billion pesos.