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MPIC: No changes in business operations after PSE delisting

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It would be business as usual for Pangilinan-led infrastructure conglomerate Metro Pacific Investments Corp. (MPIC) after its eventual delisting from the Philippine Stock Exchange (PSE).

It would be business as usual for Pangilinan-led infrastructure conglomerate Metro Pacific Investments Corp. after its eventual delisting from the Philippine Stock Exchange .from the local bourse as controlling shareholders are set to buy out the minority through a P48.6 billion tender offer.

“We will run MPIC as if it were publicly listed. We will maintain the same board, governance, we will also maintain the board committees and we will also be publishing our integrated report showcasing our sustainability initiatives etc…,” Cabal-Revilla said. “We’ll still print annual reports despite being private, our sustainability report will be there. We will conduct our affairs as if we were listed,” he said.

In particular, MPIC’s power business, led by Meralco, accounted for P4.2 billion or 75% of its net operating income.

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