Conglomerate SM Investments Corp. (SMIC) said Wednesday it acquired a 28.79-percent stake in Citicore Energy REIT Corp. (CREIT), the country’s first renewable energy real estate investment trust firm, for P5 billion.
SMIC said in a disclosure to the stock exchange it purchased 1.884 billion shares in CREIT from Citicore Renewable Energy Corp. (CREC) and Citicore Solar Tarlac 1 at P2.6534 apiece.
After the transaction, CREC will remain the largest stakeholder in...
The Energy Regulatory Commission said Wednesday it ordered the creation of a restricted fund by the distribution utilities where over-collections are maintained and earmarked...
The Manila Electric Co. has awarded 18 female college students from different universities with scholarship grants that will help them pursue their dreams of...