ACEN Corp. on Friday said its board of directors has approved South Luzon Thermal Energy Corp. (SLTEC) redemption of an additional P135.025 million worth of shares that will enable the return of capital to ACEN, which it can use to fund new renewable energy investments.
In a disclosure to the Philippines Stock Exchange, ACEN said SLTEC redeemed the remaining 1,350,250 preferred shares with a par value of P100 per share, amounting to P135.025 million.
Already have an active account? Log in here.
Continue reading with one of these options:
Continue reading with one of these options:
Premium + Digital Edition
Ad-free access
P 80 per month
(billed annually at P 960)
- Unlimited ad-free access to website articles
- Limited offer: Subscribe today and get digital edition access for free (accessible with up to 3 devices)
TRY FREE FOR 14 DAYS
See details
See details
If you have an active account, log in
here
.