Ayala Corporation is giving its shareholders shares of stock of subsidiary AC Energy Corporation (ACEN) worth about P4.5 billion as a property dividend.
Ayala Corporation is giving its shareholders shares of stock of subsidiary AC Energy Corporation worth about P4.5 billion as a property dividend.
“The declaration of property dividends provides the opportunity for AC’s shareholders to directly benefit in one of its recent successful business-building initiatives,” the company said. Purisima and Chua take the seats of outgoing directors Keiichi Matsunaga and Antonio Jose U. Periquet, who had been part of the Ayala board since April 2017 and September 2010, respectively.
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