ACEN to issue 942 million shares to UPC Renewables

Catherine Talavera – The Philippine Star December 16, 2021 | 12:00am AC Energy Corp. (ACEN) has received stockholder approval for the issuance of up to 942 million common shares to UPC Renewables Asia Pacific Holdings Pte Ltd. (UPCAPH) and UPCAC Renewables Australia CEO in line with its takeover of their Australian joint venture. In a special meeting yesterday, stockholders representing at least two-thirds of the company’s authorized capital approved the issuance of the common shares to the owners, affiliates, and/or partners of UPCAPH and UPCAC Renewables Australia CEO Anton Rohner as well th…

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