Asian Terminals Inc. (ATI), a premier port and terminal operator in the Philippines, announced that its Board of Directors has initiated steps for the company’s voluntary delisting from the Philippine Stock Exchange (PSE). This strategic shift is designed to enhance investment flexibility and operational agility, positioning ATI to better serve the evolving needs of the national logistics and supply chain industry.
The Board’s decision follows a formal notice from the Maharlika Investment Corporation (MIC), which has expressed its intention to conduct a tender offer for a portion of ATI’s public float shares, including those held by employees.
In a simultaneous move to consolidate the process, the Board approved an expansion of ATI’s share buyback program. This allows the company to acquire remaining public float shares through the same tender offer mechanism, ensuring a streamlined exit for minority investors.
The tender offer is set at Php 36.00 per share, supported by an independent fairness opinion. This price provides public shareholders with a clear, regulated mechanism to unlock the value of their holdings.
Target Ownership: Upon completion, MIC is expected to hold approximately 11.2% of ATI’s outstanding capital stock.
Shareholder Protection: The process is designed to ensure full compliance with the rules of the Securities and Exchange Commission (SEC) and the PSE.
Transitioning to a private entity is a strategic move intended to optimize ATI’s corporate structure for long-term growth. By delisting, ATI aims to:
Accelerate Decision-Making: Reduce administrative complexities to respond faster to market shifts.
Enhance Operational Agility: Focus on infrastructure modernization and capacity expansion.
Strategic Investment: Align with MIC’s mandate to invest in critical sectors of the Philippine economy, reaffirming ATI’s vital role in national trade.
“MIC’s interest reaffirms our strong industry position and reflects confidence in our governance and performance. This move allows us to advance our plans for efficiency and sustainable trade flow without the constraints of a public listing.” — ATI Board of Directors
ATI emphasizes that the delisting process will have no impact on day-to-day operations. The company’s commitments to its employees, customers, and partners remain unchanged. Existing contracts and service levels will be maintained, with ongoing investments continuing to focus on technology adoption and market-leading practices.
A special shareholders’ meeting is scheduled for January 30, 2026, where stockholders will vote on the approval of the voluntary delisting. ATI will provide further updates in accordance with regulatory timelines and SEC/PSE requirements.
