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...