Leviste acquires 8.5% stake of ABS-CBN

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Entrepreneur Leandro Leviste, founder of renewable energy firm Solar Philippines, purchased P76.5 million worth of shares of ABS-CBN Corp. or 8.5% of the network.

This view shows the ABS-CBN network headquarters in Quezon City in the Metro Manila area on May 5, 2020. The Philippines' top broadcaster ABS-CBN on May 5 was ordered off the air over a stalled operating licence renewal, drawing fresh charges that authorities were cracking down on press freedom.MANILA, Philippines — " ABS-CBN is a great company that has helped countless people over the years.

Several years ago, I got a request from a certain Bangko Sentral ng Pilipinas Monetary Board member to visit me in my office... To hasten the country’s shift to electric vehicles, President Marcos is targeting a 10 percent share of EVs in government... The country’s palay or unmilled rice production contracted by two percent in the first quarter as farms were unable...

Source: Energy Industry News (energyindustrynews.net)

Solar Philippines

 

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