MANILA, Philippines – Listed Basic Energy Corp. has been allowed to sell to the public 537.5 million more shares owned by shareholders following its P2-billion capital hike.
The company increased its authorized capital stock to P2.5 billion in November so it could raise funds for two bioethanol plants it is setting up in Zamboanga del Norte.
Basic Energy, which recently branched out to alternative fuels and renewable energy, said that of the two billion shares it had issued following the capital hike, the 537.5 million shares were bought by 19 stockholders. The balance was issued to new investors.
On Friday, Basic Energy shares closed flat at 24 centavos. – Ruby Anne M. Rubio, BusinessWorld
Source: http://www.gmanetwork.com/news/story/93078/economy/basic-energy-allowed-to-list-shares
BASIC ENERGY CORP. expects to complete its 50-megawatt (MW) wind power project in Mabini, Batangas by early 2028, its president said. “The wind power project in Mabini, Batangas is moving forward as planned and on track for completion by the first quarter of 2028,” Basic Energy President and Chief Operating Officer Luisito V. Poblete told…
read moreThe Basic Energy Corp. (BSC) is seeking government backing to roll out electric buses in every province across the country within the next five years. In a disclosure to the Philippine Stock Exchange, the BSC announced plans to get e-transport franchises for all 82 provinces with support from the Department of Transportation (DOTr) and the…
read more
