Through share swaps, ACEN Corp. (PSE: ACEN) continues to effectively transfer its non-renewable energy assets to its non-renewable energy subsidiary ACE Enexor, Inc. (ACEX) in its bid to become a fully renewable energy producer and the largest in the Philippines. In its 3 January 2022 disclosure with the PSE, ACEN transferred its 100% interests in Palawan55 Exploration & Production Corporation, Bulacan Power Generation Corporation, and CIP II Power Corporation, and 17.13% interest in One Subic Power Generation Corporation to ACEX for 339,076,058 newly issued common shares. This increases ACEN’s ownership share of ACEX from 75.92% on 15 July 2021 to 89.78% after these swaps. Consequently, publicly owned shares reduce from 23.66% to 10.04%. ( Sources: PSE Edge)