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ACEN eyes up to P30 B from stock rights offer
The Philippine Star
|April 24, 2025
Ayala-led ACEN Corp. is returning to the capital market this year to raise up to P30 billion in fresh funds to further beef up its growth and expansion.
Following the company's annual stockholders' meeting yesterday, ACEN president and CEO Eric Francia told reporters that the board of directors authorized a stock rights offering (SRO) with an indicative floor price of P2.30 per common share.
The proceeds of the fundraising activity, Francia said, would be used mainly to support the "further expansion" of ACEN's renewable energy projects as well as finance its maturing obligations.
ACEN CFO and chief strategy officer Jonathan Back said the SRO is expected to be completed in September this year.
यह कहानी The Philippine Star के April 24, 2025 संस्करण से ली गई है।
हजारों चुनिंदा प्रीमियम कहानियों और 10,000 से अधिक पत्रिकाओं और समाचार पत्रों तक पहुंचने के लिए मैगज़्टर गोल्ड की सदस्यता लें।
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