ACEN completes SLTEC redemption

By Eireene Jairee Gomez

Nov 08, 2022 12:14 am

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 to continue reading.
Or
Subscribe to the Premium Subscription plan to access this subscriber-exclusive article.

Related Articles

Filinvest Land: Share swap with REIT oversubscribed

Penshoppe names Alice Liu new CEO

Global Dominion: Simplifying financing to empower every Filipino

Ayala Land raises P2.8B from sale of AREIT shares

Udenna eyeing EEI help to complete Emerald Bay

Filinvest to issue P12B in peso fixed-rate bonds

Phima unit buys Cavite college for P432M