ALTENERGY Holdings Corp. has tapped into the expertise of former Securities and Exchange Commission (SEC) commissioner Ephyro Luis Amatong as adviser to the board.
“The appointment came following the debut of Alternergy at the Main Board of The Philippine Stock Exchange (PSE) last March 24 as the first company to conduct an initial public offering in 2023,” the company said.
Vince Pérez, Alternergy chairman, said Amatong’s expertise in creating the right regulatory environment set the stage for Alternergy’s initial public offering.
“Commissioner Amatong has a solid track record on financial markets and securities as a former SEC Commissioner. His work as supervising commissioner of markets and securities regulation helped create the right regulatory environment and set the stage for Alternergy to take the plunge of an IPO. This has given Alternergy a fresh inflow of capital to advance to construction phase two of our projects under development,” he said.
Perez said Amatong will be”very instrumental in guiding Alternergy with our future capital market issuances, particularly in the area of green bonds.”
“He said the green bonds could be one of the financing modes to tap to fund future financing requirements of projects in the next three to five years. We look forward to working closely with Atty. Amatong and learn from his expertise and experience,” Pérez said.
