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Trans-Asia renamed PHINMA Energy

MANILA – Trans-Asia Oil and Energy Development Corp. on Tuesday said it received regulatory approval to change its name to PHINMA Energy Corp.

PHINMA Energy aims to expand its generation portfolio by investing in strategic projects to developing a sustainable mix of cost-efficient energy sources, the company told the stock exchange.

The name change was approved by the Securities and Exchange Commission (SEC) on August 22, it said.

Trans-Asia shares fell 0.85 percent to P2.32 following the announcement.

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