AYALA-LED ACEN Corp. has signed another share subscription agreement with business unit Belenos Energy Corp. to fund a potential renewable energy (RE) project.
In a disclosure to the Philippine Stock Exchange (PSE) on Tuesday, ACEN said that it would be subscribing to 392 million redeemable preferred shares (RPS) of Belenos with a par value of P1.00 per share or a total of P392 million.