AC Energy Holdings Inc. (AC Energy), a wholly owned subsidiary of Ayala Corp., has decided to shelve a solar power project in Davao del Sur and cut short the corporate term of PhilNewEnergy Inc. (PNE), which was supposed to build and operate the project.
In a disclosure to the Philippine Stock Exchange (PSE), Ayala Corp. said the move by AC Energy will still be subject to the required regulatory filings and approval.
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