ACEN to acquire 5% stake in SPNEC

According to ACEN President and CEO John Eric T. Francia, the shares to be acquired will account for 5.0-percent equity of the company, as reckoned prior to SPNEC’s infusion of assets.

Based on the omnibus loan and security agreement (OLSA) inked by the parties, the repayment of the loan had been set on July 2, 2026.


Manila Bulletin