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Japanese firm raises stake in Repower to 20.1%

Japanese firm raises stake in Repower to 20.1%
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Japan's Tokai hikes stake in Pure Energy subsidiary

Tokai Corp. will increase its stake in Repower Energy Development Corp. (REDC), a subsidiary of Pure Energy Holdings Corp., to 20.1 percent. Tokai, which was an anchor investor to REDC’s initial public offering (IPO) by purchasing a 10-percent stake, will purchase an additional 65.1 million shares. The shares will be… ....

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Repower share price little changed on market debut

The share price of Repower Energy Development Corp., a subsidiary of Pure Energy Holdings Corp., was little changed during its debut in the Philippine Stock Exchange (PSE) on Monday. Repower’s shares closed less than 1 percent higher to P5.04 from the initial public offering (IPO) price of P5. It opened… ....

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Repower gets Japanese group as IPO anchor investor

Repower gets Japanese group as IPO anchor investor
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IPO draws Tokai as anchor investor–REDC

Tokai Holdings Corp. (Tokai) of Japan is buying a chunk of Repower Energy Development Corp. (REDC) shares on offer in its initial public offering (IPO) as an anchor investor. REDC, a subsidiary of Pure Energy Holdings Corp., announced Thursday that Tokai will take a 32.5-percent stake out of REDC’s IPO.… ....

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