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Published March 8, 2021, 3:28 PM Ayala-led AC Energy Corporation has inked a subscription agreement with its subsidiary firm Giga Ace-4 Inc. for the purchase of common and preferred shares valued at aggregate P2.199 billion. The Ayala firm said it purchased from its subsidiary-firm 43,975,374 common A shares for P219.876 million; and 395,958,366 redeemable preferred A shares for P1.979 billion. The shares subscription, it was emphasized, shall be issued out of the authorized capital stock of Giga Ace 4, which is a subsidiary of AC Energy developing the 40-megawatt Alaminos battery energy storage system (BESS) project in Laguna. The Ayala firm indicated in a disclosure to the Philippine Stock Exchange (PSE) that the payment of the shares subscriptions shall be done in tranches with an initial payment in April this year.

San carlosNegros occidentalDavao cityExchange commissionAc energyAc energy corporationPhilippine stock exchangeGiga aceSoutheast asianசான் கார்லோஸ்நீக்ரோஸ் தற்செயலானதுதவோ நகரம்பரிமாற்றம் தரகுபிலிப்பைன் ஸ்டாக் பரிமாற்றம்கிகா கெலிப்புச் சிற்றெண்தென்கிழக்கு ஆசிய