- Advertisement -
ACEN Corp. hiked its agreed loan to subsidiary YMP Telecom Power Inc. from P200 million to P466 million.
In a disclosure to the Philippine Stock Exchange yesterday, ACEN said YMP’s loan will fund development costs of its energy efficiency and renewable energy projects.
ACEN first signed a P200 million facility agreement with YMP last December.
- Advertisement -
YMP is a subsidiary of Belenos Energy Corp. which in turn is a wholly owned subsidiary of ACEN.
Author
- Advertisement -
