December 23, 2020 | 7:53 pm Font Size AAA AYALA-led AC Energy Philippines, Inc. has subscribed to the shares of Buendia Christiana Holdings, Corp. (BCHC) worth P350 million, which the subsidiary will use to acquire potential project sites. AC Energy Philippines, or ACEN, said on Wednesday that it had signed an agreement to subscribe to 3.5 million shares with a par value of P100 in its wholly owned unit. BCHC is a special purpose vehicle that will own the land for its parent firm’s development projects. “The subscription will be used by BCHC to fund acquisition of potential project sites,” the Ayala Corp. subsidiary said in a disclosure to the local bourse.