Asian Terminals Inc. (ATI) is set to voluntarily delist from the Philippine Stock Exchange (PSE) after a tender offer conducted by Maharlika Investment Corp. met the required threshold.
According to preliminary results as of March 3, 2026, a total of 177,612,478 common shares, or 9.16 percent of ATI’s outstanding shares, were validly tendered. This brings the total nonpublic ownership above the 95 percent threshold necessary for voluntary delisting.
“Accordingly, the bidders anticipate the voluntary delisting of ATI with its share trading being suspended from March 13, 2026, upon crossing of tendered shares, in accordance with voluntary delisting procedures of the PSE and all other applicable regulatory requirements,” ATI said.
ATI plans to exit the local bourse by April 3, at least 60 days after filing its voluntary delisting petition in accordance with PSE rules.
The delisting was overwhelmingly ratified by stockholders representing 1.75 billion common shares (90.34 percent), while 63.35 million shares (3.27 percent) voted against the move. Maharlika Investment and ATI acquired shares from public float shareholders at a tender offer price of P36 per share.
ATI earlier reported a net income of P4.25 billion for the period from January to September last year, up 34.4 percent from P3.16 billion in the same period in 2024.
Revenues for the first nine months of 2025 rose 24.4 percent to P14.70 billion from P11.81 billion in 2024.
ATI’s revenues from South Harbor international containerized cargo and Batangas Container Terminal increased by 26.6 percent and 16 percent, respectively, compared to the previous year. This growth was driven by higher container volumes, which grew by 15.9 percent and 17.5 percent, respectively.
