Tag: #Eric T. Francia
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AC Energy lines up 2-B shares for follow-on offering
ACEN, in its disclosure to the Philippine Stock Exchange (PSE), has stated that its FOO was approved on Thursday (February 4) for “primary shares issuance size of up to 2.0 billion shares, with secondary shares to be included as part of the total offering size to be determined at a later date.”
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AC Energy to complete fund raising with FOO
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.
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Ayala in search for deep-pocketed partner for oil/gas exploration
Ayala-owned upstream petroleum firm ACE Enexor Inc. has kicked off its search for a deep-pocketed and technically experienced partner for its planned oil and gas exploration venture at an offshore block in Northwest Palawan.
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AC Energy to leave coal projects
Ayala-owned AC Energy Philippines is breaking free from coal-fired generating facilities, hence, it is casting the divestment of its shareholdings in the 1,336-megawatt Dinginin power project and the 360MW Mariveles coal plant, its joint venture with the Aboitiz group.
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Ayala to raise add’l US$600-M capital for RE investments in PH, overseas
The energy investment arm of the Ayala Group will be raising additional US$500 million to US$600 million from its targeted cash-raising activities next year, so it can cover the bulk of equity that it will need to inject on its targeted renewable energy (RE) projects in the Philippines and overseas.