Supreme Court (SC) Due to the influx of cases involving cybercrime, competition, and intellectual property, the Supreme Court has designated 77 more branches of the regional trial courts (RTCs) to act as special commercial courts (SCCs). With 77 more designated RTCs, there are now 147 SCCs spre
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December 11, 2020 | 7:52 pm Font Size
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AC Energy Philippines, Inc. said on Friday that it had received confirmation from the securities regulator that the Ayala Corp. unit’s proposed stock rights offering is exempt from the registration requirement of the securities code.
The company is planning to offer up to 2,267,580,434 common shares at a price of P2.37 per share, it told the Philippine Stock Exchange. The offering consists of two rounds, and will be followed by a domestic institutional offer.
The first round will be offered on a pre-emptive rights basis to eligible shareholders who may subscribe to 1 share for every 1.11 common shares held as of record date.