ACEN’s P30 billion share sale still ‘on the table’MANILA, Philippines — Ayala-led ACEN Corp. may finally proceed with its previously deferred P30-billion stock rights offering (SRO) as early as July to strengthen its war chest for aggressive expansion. He said the company is set to reassess its planned fundraising activity to align with the timing of its capital spending. For this planned share sale, ACEN plans to use the proceeds to support the development of its renewable energy projects in the Philippines and abroad, as well as finance its maturing obligations. For 2026, the company has programmed over P80 billion for capital spending, the bulk of which would be earmarked for its domestic projects. In the Philippines, ACEN jacked up its budget to at least P60 billion to bankroll major projects, including wind, solar and battery energy storage systems.

Source: Philippine Star January 27, 2026 16:39 UTC