A Brown Company, Inc. acquired remaining 0.005% stake in Vires Energy Corp. from Argo Group Pte. Ltd.
March 27, 2023
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A Brown Company, Inc. acquired remaining 0.005% stake in Vires Energy Corp. from Argo Group Pte. Ltd. on March 27, 2023. For the year ending December 31, 2022, Vires Energy reported net loss of PHP 4.6 million, total assets of PHP 165.2 million and equity of PHP 74.4 million.
A Brown Company, Inc. completed the acquisition of remaining 0.005% stake in Vires Energy Corp. from Argo Group Pte. Ltd. on March 27, 2023.
A Brown Company, Inc. is a property development and investment company. It is engaged in the business of real estate development. Its prime real estate development property is Xavier Estates in Cagayan de Oro City. Its segments include Real estate development, Agricultural, Power and utilities, Holding, and Services. Real estate development segment is engaged in the development of land into commercial and residential subdivision, sale of lots and residential houses and the provision of customer financing for sales. Agricultural segment is engaged in the development of land for palm oil production and sale of palm oil and other palm products including, but not limited to refined bleached deodorized oil, palm olein, crude palm oil, palm stearin, palm acid oil, and palm kernels. Power and utilities segment is engaged in operating power plants and/or purchase, generation, production supply and sale of power. Services segment is a provider of irradiation services for all types of goods.