Maharlika Investment Corporation (MIC) confirmed that its president and CEO, Rafael Jose D. Consing Jr., was elected as an additional member of the Board of Directors of Asian Terminals Inc. (ATI) during a recent special stockholders’ meeting.
Consing’s assumption to the Board will take effect upon completion of key transaction and regulatory requirements related to ATI’s planned transition to private ownership. These include the completion of the tender offer for ATI’s public float shares, ATI’s voluntary delisting from the Philippine Stock Exchange (PSE), and Securities and Exchange Commission (SEC) approval of amendments to ATI’s articles of incorporation to create a ninth board seat.
Consing has over 20 years of experience in infrastructure finance, capital markets and corporate leadership, including senior roles at a global port operator. He now leads MIC’s mandate to deploy long-term capital into high-impact sectors critical to national development.
Supporting ATI’s long-term growth
MIC’s participation through the tender offer aligns with its focus on critical infrastructure that supports economic development, particularly ports, which are essential to trade efficiency and supply chain resilience.
“One of Maharlika’s key pillars is in transportation and logistics infrastructure,” Consing said in a statement.
“Ports are the economic arteries of our nation. They are the pulse of our trade, moving the goods and ideas that fuel our growth and connecting the lives of every Filipino to the rest of the world,” he added.
ATI is a profitable, cash-generative port operator with a strong balance sheet, consistent dividends, and assets closely linked to Philippine GDP growth.
“This investment allows Maharlika to participate in the modernization of critical logistics infrastructure that directly supports trade, lowers costs for businesses, and improves competitiveness across the Philippine economy,” Consing concluded.
MIC’s tender offer price of P36 represents a 49 percent premium over ATI’s one-year volume-weighted share price as of December 12, 2025 and falls within the valuation range of an independent Fairness Opinion by Multinational Investment Bancorporation (MIB) Capital. The tender offer provides ATI’s public shareholders a transparent, regulated exit as the company transitions to private ownership, in line with PSE and SEC rules.
ATI PHOTO