THE Securities and Exchange Commission (SEC) has approved ACEN Corp.'s shelf registration of up to P50 billion in preferred shares, to be issued in one or more tranches over three years and subject to the company's compliance with remaining requirements.

For the first tranche, ACEN plans offer up to 12,500,000 preferred shares with an oversubscription option of up to 12,500,000 preferred shares with a par value of P1 and an offer price of P1,000 apiece.

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