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More land readied for RE projects
Manila Bulletin
|June 27, 2025
Ayala-led ACEN Corp. has finalized a P875-million subscription deal with its subsidiary, Buendia Christiana Holdings Corp. (BCHC), to finance land acquisitions for the group’s upcoming energy projects.
In a disclosure to the Philippine Stock Exchange (PSE) on Thursday, June 26, ACEN said the capital infusion into BCHC covers 875,000 common shares and 7.87 million redeemable preferred shares.
BCHC, which serves as ACEN’s special purpose vehicle (SPV) for land acquisition, is slated to increase its authorized capital stock to up to P8.5 billion.
This story is from the June 27, 2025 edition of Manila Bulletin.
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