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Latest News

Basic Energy, Thai firm in RE venture

Publicly listed Basic Energy Corporation (BEC) has firmed up a partnership deal with Thai firm Vintage Engineering Public Company Ltd. (VTE) for renewable energy (RE) ventures. The Filipino firm has agreed to issue to VTE “an aggregate of 435,658,699 shares out of the unissued capital stock of the company in tranches.” In particular, the two…

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Basic Energy sells 9% stake to Thai company

MANILA, Philippines – Basic Energy Corp. will sell unissued shares to Thailand-based Vintage Engineering Public Co. Ltd. (VTE) in line with their joint development of renewable energy (RE) projects here and abroad. In a disclosure yesterday, Basic said it has entered into a subscription agreement with VTE, a publicly-listed company in Thailand, “for a strategic…

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