EEI has pump by as much as 90% in 6 trading days, Sale of Assets Disclosed

A recent disclosure from EEI has confirmed the reason why its prices keep moving up from the last 6 trading days of the market.

PetroEnergy said it is acquiring EEI Power’s common shares in PetroGreen Energy Corp., PetroSolar Corp., and PetroWind Energy, Inc.

EEI will use the proceeds of sale to dept payments and additional construction business.

“The transaction will monetize EPC’s (EEI Power) assets and the proceeds will be used to reduce EEI’s debt obligations and provide working capital as EEI gears up for additional construction business in the Philippines and abroad, further strengthening its balance sheet,”

Below are the details of the share purchase agreement with PERC:

EEI Power signs Share Purchase Agreement with PetroEnergy Resources Corporation

EEI Power Corporation (“EPC”), a wholly owned subsidiary of EEI Corporation, signed a Share Purchase Agreement with PetroEnergy Resources Corporation (“PERC”) for the sale of all of EPC’s interest in PetroWind Energy Inc. (“PWEI”) amounting to 2,865,408 common shares or 20% of the total number of shares in PWEI.

PGEC is a joint venture corporation established between EPC, a wholly owned subsidiary of EEI Corporation, and PERC. PWEI and PSC are subsidiaries of PGEC. After fulfillment of all conditions for the sale, EPC will no longer have any interest in PGEC, PWEI and PSC.

Number of shares to be acquired or disposed2,865,408
Percentage to the total outstanding shares of the company subject of the transaction20
Price per share227.38
NameNature of any material relationship with the Issuer, their directors/ officers, or any of their affiliates
PetroEnergy Resources CorporationHouse of Investments is the single largest majority shareholder of PERC, who is also the majority shareholder of EEI Corporation, the parent of EEI Power Corporation. PERC is the parent of PetroGreen Energy Corporation, which holds 60% interest in PWEI.

EEI price started to shoot up from 2.77 to 5.28 and yesterday closing although profit taking ensued was still up by 10.45%


SM Investments corporation of the Sy empire will push the buyout of 2GO. Yesterday disclosure have announce  a tender offer for 2GO shares.

This is the statement of SM for the tender offer for 2GO shareholders

Please be informed that the tender offer earlier disclosed as having been approved by the Directors of SM Investments Corporation is being conducted in view of applying for a voluntary delisting of 2GO Group, Inc. (2GO) from the main board of The Philippine Stock Exchange, Inc. (PSE). The Board of Directors of 2GO has likewise approved said delisting in its meeting held today as duly disclosed to the PSE.

Likewise, the board of director of 2GO have announce the agreement with SM Investments

The Board of Directors of 2GO Group, Inc. (2GO), at its special meeting held today, 28 February 2023, approved the voluntary delisting of 2GO shares from the Main Board of the Philippine Stock Exchange, Inc. (PSE), subject to the successful completion of the intended tender offer by SM Investments Corporation, compliance with other requirements of the PSE for voluntary delisting, and applicable regulations of the Securities and Exchange Commission.

2GO has requested for voluntary suspension of the trading of its shares at the PSE during the trading hours of March 1, 2023 to allow the investing public equal access to and consideration of this information.
Thank you.


The stock price of 2GO have risen by as much as 70% from the last 2 trading days. Heavy buying volume commenced once the disclosure was announced in PSE Edge

2GO stock price