C05337-2021 |
Title of Each Class | Number of Shares of Common Stock Outstanding and Amount of Debt Outstanding | |
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Common | 38,225,838,177 |
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Subject of the Disclosure |
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AC Energy and NEFIN Joint Venture to Offer Carbon Neutrality Solutions Across Asia |
Background/Description of the Disclosure |
AC Energy Corporation (ACEN), through its wholly-owned subsidiary, AC Renewables International (ACRI), has obtained board approval* to enter into a joint venture with NEFIN Holding Limited (NEFIN), a leading solar photovoltaic developer and investor in carbon neutrality solutions. ACEN and NEFIN will establish a 50/50 joint venture holding company that will develop, construct, and operate rooftop solar projects across Asia. |
Other Relevant Information |
The board approval for the transaction is subject to the execution of long form definitive documentation. |
Name | Alan Ascalon |
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Designation | Vice President/ Asst. Corporate Secretary |