Home United States USA — Japan Japanese firm raises stake in Repower to 20.1%

Japanese firm raises stake in Repower to 20.1%

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-A subsidiary of Japanese conglomerate Tokai Holdings Corp. will inject an additional P486.3 million capital into recently listed Repower Energy Development Corp. to fund its renewable energy expansion plans.
Tokai Holdings, through Tokai Corp., will purchase an additional 65.1 million shares or 10 percent of existing equity at P7.

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