Published by
Philippine Star
Philippine Star
Merkado Barkada February 3, 2022 | 8:30am The guts of the deal are this: AC Energy‘s__ [ACEN 9.50 0.42%]__ subsidiary, AC Energy Vietnam Investments Pte. Ltd., paid $165 million to acquire 49% of Solar NT from Solar NT’s parent company, Super Energy Group (Hong Kong) Co., Limited (“Super HK”). The ultimate parent of Super HK is Super Energy Corporation Public Company Limited (“SUPER”), a “premier” Thai renewable energy developer. The deal was 100% secondary shares, which means that ACEN paid the cash directly to Super HK for the 49% stake in Solar NT; none of that funding will go t…