Philstar
Asian Terminals to get P8 billion investment from Maharlika
The Maharlika Investment Corporation (MIC) plans to invest P8 billion in port operator Asian Terminals Inc. (ATI) by acquiring approximately 11.2 percent of its outstanding shares.
MIC will conduct a tender offer for up to 101.19 million ATI common shares at P36 per share.
ATI will concurrently increase its share buyback program by up to P5 billion to purchase shares from Eximinious Holdings Inc., Eujo Philippines Inc., and Biolim Holdings and Management Corp.
Following the tender offer and share buyback, ATI will voluntarily delist from the Philippine Stock Exchange to allow for greater investment flexibility and operational agility.
A special shareholders meeting is scheduled for January 30, 2026, to approve ATI's voluntary delisting.
ATI has revised its articles of incorporation and by-laws to increase the number of directors to nine, accommodating a seat for MIC on the boardroom.
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