Business

ACEN lends P9.2B to two subsidiaries

The Manila Times 14 h

Philippines

ACEN lends P9.2B to two subsidiaries — Sources: The Manila Times

ACEN Corp. on Friday said that it had lent a combined P9.24 billion to two business units to help fund construction of energy-related projects. In separate disclosures, ACEN said that it had executed a short-term loan agreement for up to P6 billion with wholly owned Sanmar Solar Inc. and another for up to P3.24 billion with another fully owned subsidiary, GIGA ACE 8 Inc. The two agreements were si

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ACEN lends P9.2B to two subsidiaries

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