Asian Terminals, Inc. (ATI) is set to voluntarily delist from the Philippine Stock Exchange (PSE) after the Maharlika Investment Corporation’s (MIC) tender offer reached the required threshold.
Preliminary results as of March 3, 2026, showed that 177.6 million ATI shares, or 9.16 percent of outstanding shares, were tendered. This pushed non-public ownership above the 95 percent level needed for voluntary delisting.
ATI said share trading will be suspended from March 13, 2026, with full delisting expected by April 3, following PSE rules. The move was approved by shareholders representing 90.34 percent of the company’s shares, while only 3.27 percent opposed.
MIC and ATI acquired shares from public shareholders at P36 per share under the tender offer.
Financially, ATI reported a net income of P4.25 billion for January–September 2025, up 34.4 percent from P3.16 billion in the same period in 2024. Revenues rose 24.4 percent to P14.7 billion, driven by stronger performance at South Harbor international containerized cargo and Batangas Container Terminal, which saw volume growth of 26.6 percent and 16 percent, respectively.
The delisting will remove ATI shares from public trading, reducing liquidity for investors but giving the company more operational flexibility. With the majority of shares now privately held, the company can focus on long-term growth without public reporting pressures.
