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Capital infusion and market sentiment lift AC Energy stock


January 4, 2021 | 12:01 am
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AYALA-LED AC Energy Philippines, Inc. ended the year on a high note amid the sustained positive investor sentiments and following the company’s infusion of capital in its subsidiary to acquire potential project sites.
Data from the Philippine Stock Exchange (PSE) showed 123.14 million AC Energy shares worth P1.02 billion exchanged hands from Dec. 28 to 29, making it the second most actively traded stock in the last trading week of 2020.
Shares in the Ayala energy unit closed higher by 22.1% to P9.00 apiece from its P7.37 finish on Dec. 23, 2020. Compared with the first trading day last year, its latest share price has gone up almost four times. ....

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Ayala energy arm infuses P350M into subsidiary for site acquisition


December 23, 2020 | 7:53 pm
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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. ....

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