AC Energy Corporation (ACEN), the energy investment platform of the Ayala group, is queuing up to 2.0 billion primary shares for its follow-on offering (FOO) that shall be priced at P6.00 to P8.20 per share. The company said its FOO had already been green-lighted by its Executive Committee, upon...
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 aggregate 2,267,580, 434 common shares tendered by Ayala-led AC Energy Corporation (ACEN) via its stock rights offering (SRO) had been fully subscribed and had fetched proceeds of more than P5.37 billion. During the formal listing of ACEN’s stock rights offer at the local bourse, Philippine...
Karen Ibasco Celebrities who are also climate action advocates recount their “green” efforts to help save energy and throw support behind R.E.START, the Renewable Energy Transition Awareness campaign of Oxfam Pilipinas. R.E.STARTis mounted in collaboration with WWF-Philippines 2020, the Asian...
The Philippine subsidiary of energy giant Royal Dutch Shell is stepping up on its diversification in power, with the launch of a new corporate vehicle – the Shell Energy Philippines Inc. - that will focus on investments in electricity generation sub-segment of the energy sector. “As we continue...
Ayala-led firm AC Energy Philippines Inc. (ACEN) is accelerating the offer period for its stock rights offering (SRO) that will cover the issuance of 2,267,580,434 shares. In an updated disclosure to the Philippine Stock Exchange (PSE), the company indicated that its offer period will start on...
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...
The Philippine Stock Exchange is cautiously optimistic that the local stock market will perform better in 2021 and expects at least 10 companies to raise funds via the bourse through public offerings of stocks. “For 2021, we look forward to a better market performance on expectations that...
Year-ender Today, I give you pain. Tomorrow, who knows? For industry players in the energy sector, that’s their tale of woe this year given decimated top and bottom lines with demand crash on energy commodities. Onward, uncertainties hold sway. At the height of the lockdown period in March-May,...
Electricity consumers will be greeted with a “Happy New Year rate hike” as they will need to pay more as subsidy to renewable energy (RE) projects via the feed-in-tariff allowance (FIT-All) line item in the electric bills that had been jacked up to P0.0983 per kilowatt hour (kwh), almost double...
Ayala-led AC Energy Philippines Inc. (ACEN) has slated February next year as the offer period for its stock rights offering (SRO), in which 2,267,580, 434 common shares will be issued. The stock listing has been priced at P2.37 per share, based on approval that it had secured for its SRO from the...
Despite the perceived low capitalization of US$50 million dangled to foreign investors for integrated geothermal resource exploration and power plant development in the country, the Department of Energy (DOE) disclosed that there are no takers yet of the blocks being offered by the government....
