ACEN Corp., the renewable energy (RE) arm of Ayala Corp., announced on Monday that it signed solar power deals worth almost P4.5 billion. Know more:
ACEN Corp., the renewable energy arm of Ayala Corp., announced on Monday that it signed solar power deals worth almost P4.5 billion.
Another deed of absolute sale of shares was executed with Havilah AAA Holdings Corp. for the acquisition of its 600 Class B common shares in SSPC. The subscription to 600,000 RPS B is subject to the necessary regulatory approvals from the Securities and Exchange Commission for the increase in the authorized capital stock of SSPC.
Aside from this, ACEN said that in accordance to its share purchase agreement dated November 29, it will purchase subscription rights to 400,000 RPS A shares out of the increase in the authorized capital stock of SSPC upon the completion of certain conditions precedent.
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