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The Philippine Stock Exchange approved Asian Terminals’ petition to voluntarily delist from the local bourse
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ATI shares will be removed from the PSE registry effective April 3, 2026
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Maharlika Investment Corp is acquiring up to 11.2% of ATI, which operates Manila South Harbor and Batangas port
The Philippine Stock Exchange (PSE) approved Asian Terminals Inc.’s (ATI) petition to voluntarily delist from the local bourse.
ATI shares will be removed from the PSE registry effective April 3, 2026, indicating the company’s official delisting date.
The delisting approval follows completion of the tender offer conducted jointly by ATI and the Maharlika Investment Corp. (MIC), the port operator said in a statement. MIC manages the Maharlika Investment Fund, the Philippines’ first sovereign wealth fund established in July 2023.
READ: Maharlika fund completes ATI share acquisition
As a result, ATI and MIC as joint proponents to the tender offer have collectively acquired at least 95% of ATI’s outstanding shares, satisfying the PSE’s minimum ownership requirement for voluntary delisting.
With the increase in ownership, ATI’s public shareholding has consequently fallen below the level required for listed companies. In accordance with PSE rules governing voluntary delisting, trading of ATI shares has been suspended as part of the normal process.
ATI said completion of the tender offer and voluntary delisting process marks a significant milestone in its shareholder transition, as the company formally welcomes MIC as its newest strategic investor and shareholder.
ATI said the transformation comes at an auspicious time as ATI celebrates 40 years of operations.
MIC last December announced that it will be acquiring up to 11.2% of ATI, which operates Manila South Harbor and Batangas port.
State-owned MIC, which manages the country’s first and only sovereign wealth fund, said it is venturing into the port sector in recognition of its vital role in the economy.
MIC said the ATI purchase will be carried out through both a direct acquisition of shares from, and a tender offer to, existing public shareholders.
With MIC’s participation, ATI said it is poised to embark on a new chapter of sustained growth as it further expands its role in facilitating efficient and sustainable trade in support of industries, communities, and the broader Philippine economy.
ATI said operations across its ports and terminals remain business as usual, and that it will continue to provide updates through its official disclosures in due course.
