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AC Energy buys P2.2-B shares in subsidiary firm – Manila Bulletin


Published March 8, 2021, 3:28 PM
Ayala-led AC Energy Corporation has inked a subscription agreement with its subsidiary firm Giga Ace-4 Inc. for the purchase of common and preferred shares valued at aggregate P2.199 billion.
The Ayala firm said it purchased from its subsidiary-firm 43,975,374 common A shares for P219.876 million; and 395,958,366 redeemable preferred A shares for P1.979 billion.
The shares subscription, it was emphasized, shall be issued out of the authorized capital stock of Giga Ace 4, which is a subsidiary of AC Energy developing the 40-megawatt Alaminos battery energy storage system (BESS) project in Laguna.
The Ayala firm indicated in a disclosure to the Philippine Stock Exchange (PSE) that the payment of the shares subscriptions shall be done in tranches with an initial payment in April this year. ....

San Carlos , Negros Occidental , Davao City , Exchange Commission , Ac Energy , Ac Energy Corporation , Philippine Stock Exchange , Giga Ace , Southeast Asian , சான் கார்லோஸ் , நீக்ரோஸ் தற்செயலானது , தவோ நகரம் , பரிமாற்றம் தரகு , பிலிப்பைன் ஸ்டாக் பரிமாற்றம் , கிகா கெலிப்புச் சிற்றெண் , தென்கிழக்கு ஆசிய ,