Greenergy Holdings Incorporated (PSE:GREEN) agreed to spin-off a 19.75% stake in AgriNurture, Inc. (PSE:ANI) on January 12, 2023. The exchange ratio is 0.0561786222 shares of ANI for every one share in Greenergy. As part of the transaction, Greenergy will distribute property dividends consisting of the Greenergy's 202,286,779 listed common shares in Agrinurture, Inc. in favor of its stockholders of record as of June 30, 2023.

Greenergy announced to pay property dividend to its shareholders by way of distributing listed common shares in Agrinurture. The distribution shall be made after compliance with the requirements and securing necessary approvals of concerned government agencies and completing other administrative processes.