ACEN eyeing loans to fund expansion

By Ed Paolo Salting

Apr 25, 2023 12:20 am

AYALA-LED energy firm ACEN Corp. plans to borrow around P30 billion from banks this year to fund its expansion projects.

In a briefing on Monday, ACEN chief financial officer and treasurer Corazon Dizon said the loan, combined with other sources of funding, would be used for estimated capital expenditures (capex) of P50-70 billion for 2023.

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