Repower Energy IPO all set with Japan firm as 'anchor investor'

By The Manila Times

Jun 30, 2023 12:20 am

In a statement on Thursday, REDC — a subsidiary of Pure Energy Holdings Corp. — said that Japanese conglomerate TOKAI Holdings Corp. would participate in the IPO as an anchor investor.

'Under the terms of the agreement, TOKAI will take a 32.5 percent stake out of REDC's IPO. In return, REDC will allocate a board seat to TOKAI on an observer status,' the company said.

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