Alternergy Holdings Corporation (ALTER) subscribes for 1,250,000 shares at a price of P1.00 per share and announces that it received the digital certificate of incorporation issued by the SEC on January 17, 2025, for its wholly owned subsidiary AlterCore Management Services Inc. (AlterCore). On November 5, 2024, the Board of Directors of Alternergy Holdings Corporation (ALTER) approved the incorporation by subscribing to shares of stock of AlterCore Management Services Inc. (AlterCore), a corporation engaged in, among others, the business of providing business process outsourcing such as project management services, technical services, and back-office operations, including but not limited to records keeping, payroll processing, fund administration, travel and expense management, human resources, development and management, data entry/data processing, inventory control, technology support, power trading, and other similar services.
The terms and conditions of the transaction: Number of shares to be acquired or disposed: 1,250,000 Percentage to the total outstanding shares of the company subject of the transaction: 100% Price per share: P1.00 AlterCore is a wholly-owned subsidiary of ALTER that would serve as the shared services center of the ALTER and its power generation subsidiaries.
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