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ACEN Injects Fresh Capital to Belenos
The Philippine Star
|February 05, 2025
Ayala-led ACEN Corp. is further strengthening its financial support for subsidiary Belenos Energy Corp. with an additional investment of P392 million.
In a regulatory filing yesterday, ACEN said it signed a contract with Belenos for the subscription to 392 million redeemable preferred shares of the subsidiary at a par value of P1 apiece.
The shares, which represent 29 percent of the total outstanding shares of Belenos, will be issued out of the increase in its authorized capital stock, subject to regulatory approvals.
This story is from the February 05, 2025 edition of The Philippine Star.
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