AC Energy Corporation (PSE:ACEN) signed an agreement to acquire 97.6% stake in Solar Philippines Central Luzon Corporation from Solar Philippines Power Project Holdings, Inc. on January 22, 2021. The consideration will be paid upon date of acquisition. In a related transaction, AC Energy Corporation signed a subscription agreement with Solar Philippines Central Luzon Corporation for 375,000 common shares to be issued out of the unissued authorized capital stock. The transaction is approved by the board of directors of AC Energy Corporation. AC Energy Corporation (PSE:ACEN) completed the acquisition of 97.6% stake in Solar Philippines Central Luzon Corporation from Solar Philippines Power Project Holdings, Inc. in January 2021.