RENEWABLE energy firm Alternergy Holdings Corp. on Friday said its board of directors had approved a quasi-reorganization to wipe out the company's midyear deficit as well as the reallocation of funds for its green energy projects.
A day earlier, Altenergy's board greenlit the use of a portion of the company's additional paid-in capital, in the amount of P42.27 million, to its deficit as of June 30, subject to the approval of the Securities and Exchange Commission (SEC).
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