Given the worsening civil strife tearing down Myanmar, Ayala-led firm AC Energy Corporation indicated that it is temporarily slowing down on its renewable energy ventures in that country. “Regarding Myanmar, we will have to wait until the situation stabilizes before we can expand,” AC Energy...
Ayala-led firm AC Energy Corporation (ACEN) has completed its P13 billion follow-on offering (FOO) at the local bourse, which it described to have been “warmly received by both Philippine and international investors.” The FOO is part of the five-step corporate restructuring of the Ayala energy...
Singaporean wealth fund GIC Private Ltd, through its affiliate Arran Investment Pte. Ltd., has completed its subscription of 4.0 billion primary shares in Ayala-led AC Energy Corporation (ACEN), which then built up the latter’s cash hoard by additional P11.88 billion. “The private placement...
Ayala-led AC Energy Corporation (ACEN) will be completing its series of P30 billion worth of equity-based fund raising activity by concretizing the third leg via a follow-on offering (FOO) this year. In a briefing with reporters, AC Energy President and CEO Eric T. Francia noted that the P30...
The board of directors of Ayala-led AC Energy Corporation (ACEN) has greenlighted the joint venture deal that the conglomerate’s energy investment arm will be cementing with Solar Philippines Power Project Holdings Inc. (SP) of millennial-businessman Leandro L. Leviste. In a disclosure to the...
Arran Investment Pte. Ltd., an affiliate of Singapore’s sovereign wealth fund GIC Private Limited, has formalized its 17.5-percent equity acquisition in AC Energy Philippines Inc. (ACEN), a deal which primarily covered P20 billion private placement as part of the ownership take. GIC’s entry...
Ayala-led AC Energy Philippines Inc. (ACEN) has secured the approval and confirmation of the Securities and Exchange Commission (SEC) on its stock rights offering (SRO) which is targeted next year. The Ayala energy firm is eyeing to float 2,267,580,434 common shares on its first round SRO and it...
An affiliate of Singapore government-led investment firm GIC Private Limited (GIC) is targeting to inject P20 billion worth of investment into AC Energy (ACEN), the energy company of the Ayala group. AC Energy disclosed to the Philippine Stock Exchange (PSE) that its board of directors approved the...
