Ayala’s ACEN provides P1.9-B capital to solar power unit
MANILA, Philippines – ACEN Corp. is providing an additional P1.9-billion capital to subsidiary Natures Renewable Development Corp. (Naredco) to support solar power operations. In a disclosure on Wednesday, the energy unit of the Ayala Group said it subscribed to about 420,000 redeemable preferred shares. These are priced at P4,527.16 apiece. READ: ACEN raises stake in