Dear investors and those interested in investing,
It is with great pleasure that we inform you that the Philippine Stock Exchange today announced that Ayala, the country’s oldest and largest joint venture company, has acquired all the shares of San Carlos Clean Energy Inc. (SCCE) of our partner Bronzeoak Philippines Inc. This marks another major step for the execution of our ongoing and future projects in the Philippines with Bronzeoak.
Ayala Corp. is the holding company of the US$10.5 billion publicly listed Ayala Group, with 35,000 employees worldwide. It ranked 1224th in Forbes magazine’s list of the world’s largest listed companies.
Michael Sieg, chairman and CEO of ThomasLloyd Group, said: “We look forward to working with Ayala Group to realise many exciting new opportunities in the country and welcome the support of our long-standing development partner, Bronzeoak.”
Venture Club Comment: Thomas LLoyd represents an interesting investment opportunity, available for example in the form of CNB-approved public bonds for a minimum of two or four years with an attractive yield. For more information, please contact us.