Billionaire Manuel Villar Jr.’s Premiere Island Power REIT Corp. rose during its stock market debut on Thursday after trading below its P1.50 initial public offering (IPO) price for most of the session.
Premiere Island Power REIT Corp., a firm led by Manuel Paolo Villar, has filed for a P3.2-billion initial public offering (IPO) with the Securities and Exchange Commission.
The Villar family’s Prime Asset Ventures Inc. (Pavi) said it would develop 21.27 megawatts (MW) of electricity to meet the expected increase in demand in the Visayan islands during the holidays.
Prime Asset Ventures Inc., the investment holding company of Manuel Paolo Villar, the eldest son of billionaire Manuel Villar, affirmed its support for the government’s rural electrification goals.
Prime Asset Ventures Inc. (PAVI), through its constituent power companies S.I. Power Corp. (Sipcor) and Camotes Island Power Generation Corp. (Campcor), is set to produce a total of 21.27 megawatts (MW) of power to energize off-grid communities.
PRIME Asset Ventures, Inc. (PAVI), through its power companies, is set to energize 60,000 households in Siquijor and Camotes Islands to address growing power demand.
PRIME Asset Ventures Inc. (PAVI), through their constituent power companies S.I. Power Corp. (Sipcor) and Camotes Island Power Generation Corp. (Campcor), is expected to deliver soon 21.27 megawatts (MW) to serve 60,000 households in the said municipalities.
Villar-led Prime Asset Ventures Inc. (PAVI) will be supplying aggregate 21.27 megawatts of power to satiate the electricity needs of roughly 60,000 households in Camotes and Siquijor islands in the Visayas region.