Power

AC Energy moves rights offer to Jan. 18

AC Energy Philippines Inc. (ACEN) of the Ayala group is slated to commence its stock rights offering two weeks earlier than originally scheduled.

In a stock exchange filing, ACEN said it moved its planned rights issue to January 18 until 22.

Originally set on Feb.1 to 5, the stock rights offer involves 2.27 billion common shares priced at P2.37 apiece.

Listing of the shares is targeted on January 29.

The rights offer will have two rounds and will have a domestic institutional offer.

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