The Ayala group’s AC Energy and Infrastructure Corp. is infusing its international assets into AC Energy Corp. (Acen) as a follow through to a successful stock rights offering (SRO), toward making the latter their unified platform for power generation.
Acen yesterday listed on the Philippine Stock Exchange (PSE) about 2.27 billion shares worth a total of about P5.4 billion, wrapping up the SRO that closed on Monday.
Acen chair Fernando Zobel de Ayala said in the listing ceremony held on Friday the company remained focused on a plan to turn around from the impact of the pandemic that sent the Philippine economy into a recession worse than what it went through during World War II, ma…
Keep on reading: Ayala unit infuses int’l assets into AC Energy