MPIC woos US investors
By Doris C. DumlaoInfrastructure holding firm Metro Pacific Investments Corp. will make a pitch to North American investors in the depositary receipts market this week.
Infrastructure holding firm Metro Pacific Investments Corp. will make a pitch to North American investors in the depositary receipts market this week.
Metro Pacific Investments Corp. (MPIC) said it was optimistic it would soon get a response from the government on its concession contract for the 94-kilometer Subic-Clark-Tarlac Expressway (SCTEx) following the conclusion of the mid-term elections two weeks ago.
The group of PLDT chair Manuel V. Pangilinan continues to be unsuccessful in expanding its growing media empire abroad, but given recent developments, MVP’s camp may soon have its very own “Financial Times.”
Infrastructure holding firm Metro Pacific Investments Corp. has built up a war chest of P25 billion, which it is raring to invest in new acquisitions and the expansion of existing projects.
The Department of Transportation and Communications (DOTC) has come out with a compromise solution to the issue on the funding of the shared portion of two separate roads that will link highways north and south of Metro Manila.
Citra Metro Manila Tollways Corp. has offered to advance the cost of building a common 5-kilometer alignment that will be shared by the parallel elevated roadways of San Miguel Corp. and Metro Pacific Investments Corp.
Infrastructure holding firm Metro Pacific Investments Corp. grew its net profit by 45 percent year on year in the first nine months to P4.99 billion as its four core businesses—power distribution, water infrastructure, toll road and hospitals—contributed higher earnings.
Infrastructure holding firm Metro Pacific Investments Corp. is making a tender offer to minority shareholders of tollway unit Metro Pacific Tollways Corp. ahead of its planned stock market delisting. This developed as Eton Properties Philippines Inc., the real estate unit of tycoon Lucio Tan, announced on Tuesday that it was also planning to delist from the Philippine Stock Exchange, saying it could not comply with the 10-percent minimum public float required for continued listing on the bourse.
Infrastructure holding firm Metro Pacific Investments Corp. has decided to delist its tollroad subsidiary Metro Pacific Tollways Corp. from the Philippine Stock Exchange instead of shoring up the latter’s public ownership to the minimum requirement of 10 percent.
The Metro Pacific group has submitted an improved offer for the operation and management of the Subic-Clark-Tarlac Expressway (SCTEx), based on terms recently renegotiated with the state-controlled Bases Conversion and Development Authority.
Infrastructure holding firm Metro Pacific Investments Corp. has set up an American depositary receipt (ADR) system in a bid to increase its visibility and name recognition in the investor community in the United States.
Infrastructure holding firm Metro Pacific Investments Corp. (MPIC) plans to tap fresh funds from the US market through a maiden offering of American depositary receipts (ADRs).
