Asian Terminals Inc. (ATI), a leading ports and terminals operator in the country, announced that its Board of Directors during a meeting held yesterday, 15 December 2025, initiated steps for the company’s voluntary delisting with the Philippine Stock Exchange (PSE) to enable greater investment flexibility and enhanced operational agility as it continues to support the growing logistics and supply chain industry.
ATI’s Board of Directors approved ATI’s voluntary delisting following its receipt of notice from the Maharlika Investment Corporation (MIC) expressing its intention to conduct a tender offer for a portion of its public float shares, including employee-held shares. In the same meeting, the Board also expanded ATI’s buyback program to acquire remaining public float shares and employee-held shares, through the same tender offer.
A special shareholders meeting is set on 30 January 2026 for the approval of the voluntary delisting by ATI stockholders, in accordance with applicable rules and regulations by the Securities and Exchange Commission (SEC) and PSE.
Supported by an independent fairness opinion, the tender offer at Php36.00 per share affords public float shareholders a clear opportunity and a regulated mechanism to unlock the value of their holdings, protecting investor interests and ensures compliance with SEC and PSE rules. Following completion of the tender offer, and subject to the level of tenders received, MIC is expected to hold approximately 11.2% of ATI’s outstanding capital stock.
ATI’s move to delist is a strategic step to optimize the company’s structure for long-term growth, enabling faster decision-making, greater investment flexibility, and enhanced operational capabilities. This allows ATI to advance its plans for efficiency, infrastructure modernization, and market development, aligned with its mandate to make trade flow efficiently and sustainably.
ATI further emphasized that MIC’s tender offer interest reaffirms the company’s strong industry position and reflects independent external confidence in ATI’s performance, governance, and critical role in the national logistics and port ecosystem, consistent with MIC’s mandate to invest in strategic sectors of the Philippine economy.
ATI said that the delisting process, in compliance to applicable SEC and PSE rules and regulations, will not affect its day-to-day operations or relationships with employees, customers, and partners. Its services, contracts, and commitments remain unchanged, with ongoing investments focused on capacity expansion, technology adoption, and sustainable market-leading practices.
Further announcements will be made in accordance with regulatory timelines, it added.
