SIGNIFICANT EVENTS
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2023
December 2023
MPAV sealed a strategic partnership with Axelum Resources Corp. (ARC) to acquire a 34.67% stake. MPAV will subscribe to 1.19 billion common shares and 200 million redeemable preferred shares in ARC for ₱5.32 billion.
October 2023
Acquisition of a 94.2-percent share in Antipolo Doctors Inc., the owner and operator of Antipolo Doctors Hospital (ADH) by MPH.
MPH acquires a 60.88% stake in Lucena United Doctors, Inc. (LUDI), owner and operator of Lucena United Doctors Hospital and Medical Center (LUDHMC), making it the 23rd hospital in their network.
The Philippine Stock Exchange (PSE) approved the petition filed by MPIC and accordingly ordered the delisting of the Company’s shares from the Official Registry of the Exchange effective on October 9, 2023
September 2023
MPIC and Hartasuma Sdn Bhd, the forefront in integrated rolling stock and rail services provider in Malaysia, entered into a strategic partnership to drive innovation in rail services and infrastructure development in the Philippines
MPIC received a copy of the Final Tender Offer Report from the Bidders in September 2023. Based on the Report, the total of Tendered Shares, Excluded Shares and other non-public shares is equivalent to 97.27% of MPIC’s total issued and outstanding listed shares and has exceeded the threshold required to complete the voluntary delisting. The Cross Date was implemented on September 26, 2023, while the Settlement Date is scheduled on September 28, 2023
August 2023
Metro Pacific Tollways Corporation (MPTC) and San Miguel Corporation (SMC) signed a Memorandum of Agreement (MOA) to design, build and operate the 87.96-kilometer Cavite-Batangas Expressway (CBEX) and Nasugbu-Bauan Expressway (NBEX). The project aims to connect MPTC’s Cavite-Laguna Expressway (CALAX) to Bauan, Batangas, making travel easier and more convenient for motorists.
The signing ceremony marks a significant milestone in the development of the ₱72 billion CBEX and NBEX project.
July 2023
MPH acquires 70.4 percent of Medical Center Imus (MCI) in Cavite, making it MPH’s 21st hospital investment to date
May 2023
MPIC completes its acquisition of 1,600,000,000 common shares, which constitute 16% of the outstanding shares of SPNEC. As part of the transaction, an Option Agreement was executed which grants the MPIC Group the option to acquire up to 10,000,000,000 primary shares at a subscription price of ₱1.25 per share and up to 7,400,000,000 secondary shares at a purchase price of ₱1.25 per share. A full exercise of these options will make the MPIC Group the single largest shareholder of SPNEC with an almost 43% interest.
March 2023
MPIC entered into a sale and purchase agreement with Solar Philippines Power Project Holdings Inc. (SPPPHI) to acquire 16% equity stake or 1,600,000,000 shares in SP Energy Corp. (SPNEC). SPNEC develops, constructs, and operates solar power plants primarily in Luzon.
MPIC’s health technology platform, mWell, clinched the most coveted Global Mobile (GLOMO) Award for the Best Mobile Innovation for Digital Life in the recently concluded awards ceremony held during the Mobile World Congress in Barcelona, Spain.
Metro Pacific Health (MPH) continues to expand with acquisition of its 20th hospital, Howard Hubbard Memorial
Hospital (HHMH)
MPIC, in partnership with the Department of Environment and Natural Resources – Biodiversity Management Bureau (DENR-BMB), the Department of Environment and Natural Resources – National Capital Region (DENR-NCR), and the local government unit of Quezon City, broke ground on Gabay Kalikasan Park, an urban green park model as part of the landmark three-year public-private partnership for urban biodiversity in the Philippines
February 2023
Metro Pacific Agro Ventures, Inc. (MPAV) launched The Vegetable Greenhouse Project, a 22-hectare property, housing a complex of modern greenhouses in San Rafael, Bulacan. This will be the biggest vegetable greenhouse facility in the country that will produce high quality vegetables all-year round.
2022
December 2022
MPIC, through its wholly-owned subsidiary, Metro Pacific Agro Ventures, Inc. (MPAV) engages LR Group of Israel to expand MPAV’s existing dairy business.
The ₱5.0 billion approved Share Buyback Program budget for 2022 has been fully utilized in December 2022. Around 1.4 billion shares were repurchased during the period.
October 2022
MPIC won the most coveted Finance for the Future Award, besting business giants in the global arena
The MVP Group reintroduced yesterday its hospital group as Metro Pacific Health (MPH), with the aim of bringing healthcare more accessible and affordable to Filipinos.
July 2022
Acquisition of additional 22,542,000 Meralco shares, equivalent to approximately 2.0% of Meralco’s issued and outstanding capital stock, for a total consideration of ₱7.8 billion or ₱344.00/share, bringing MPIC’s effective ownership in Meralco to 47.46%
MPIC won the most coveted Finance for the Future Award, besting business giants in the global arena
June 2022
Became certified constituent of the FTSE4Good Index
MPIC was recognized as a “Most Honored Company” in the recently announced 12th Institutional Investor Research (“II Research”) Annual Asia Executive Team survey
Acquisition of 40% indirect equity interest in PT Jasamarga Jalanlayang Cikampek by Metro Pacific Tollways Corporation (MPTC).
Entered into an Investment Framework Agreement with the Carmen’s Best Group where MPIC acquired 51% of the outstanding shares of The Laguna Creamery, Inc. (TLCI).
April 2022
Published maiden 2021 Integrated Report to better showcase how the company creates shared value
March 2022
Metro Pacific Investments Foundation Inc. (MPIF) signed a four-year agreement to protect the Tubbataha Reefs Natural Park, the country’s largest marine protected area
MPIC was elected as a member of the Board of Trustees of the United Nations Global Compact (UNGC) Network Philippines and is committed to helping advance the Ten Principles of the UNGC and the 17 United Nations Sustainable Development Goals
MPIC was included in the PSE Dividend Yield Index launched in 2022.
Acquisition of 61.9% of the issued and outstanding shares of Landco Pacific Corporation (Landco). As a result of the transaction, Landco is now a wholly-owned subsidiary of MPIC.
February 2022
The Board of Directors approved the implementation of a Share Buyback Program of up to Five Billion Pesos (₱5,000,000,000.00) commencing on February 17, 2022 until the utilization of the aforementioned amount, or as may otherwise be determined by the Board of Directors.
Groundbreaking for the construction of Makasaar New Port Toll Access Road in Indonesia.
January 2022
Enactment of Republic Act No. 11600 (An Act Granting Maynilad Water Services, Inc. a Franchise to Establish, Operate, and Maintain a Waterworks System and Sewerage and Sanitation Services in the West Zone Service Area of Metro Manila and Province of Cavite) (“RA 11600”)
2021
April 2021
The Board of Directors of the Company approved a resolution to amend the Third Article of the Company’s Articles of Incorporation changing its principal office address to 9th Floor, Tower 1, Rockwell Business Center, Ortigas Avenue Pasig City.
MPIC is the first company from Asia and the Philippines to sign the Statement of Support for the A4s Net Zero Initiative.
March 2021
Sale of the 56% MPIC stake in Global Business Power Corporation to Meralco
Maynilad receives ‘Utility of the Future’ citation from World Bank
The Board of Directors approved the declaration of cash dividends amounting to Php 4.6 million in favor of the preferred shareholders with payment date of March 31, 2021.
February 2021
Sale of the 29.45% indirect interest in Don Muang Public Company Ltd.
The Board of Directors approved the declaration of cash dividends amounting to Php 4.6 million in favor of the preferred shareholders with payment date of March 31, 2021.
MPIC became one of the pioneer Task Force on Climate-Related Financial Disclosures (TCFD) Supporters in the Philippines
January 2021
Acquisition of 30% of the issued and outstanding shares in KM Infrastructure Holdings, Inc. As a result, MPIC owns a 50% effective stake in Philippine Coastal Storage & Pipeline Corporation.
First Conglomerate in the world to be accepted as Sustainable Accounting Board Alliance (SASB) Global Alliance Member
2020
December 2020
Initial acquisition of 20% effective stake in Philippine Coastal Storage & Pipeline Corporation (PCSPC) with an option to increase its interest in PCSPC to up to 50%.
November 2020
TRB approves add-on tolls for NLEX effective November 25
MPIC President and Chief Executive Officer Jose Ma. K. Lim affirmed MPIC’s commitment to the UN Global Compact.
October 2020
On October 1, 2020, the Board of Directors approved the implementation of a Share Buyback Program of up to Five Billion Pesos (PhP 5,000,000,000) commencing on October 2, 2020 until the utilization of the aforementioned amount, or as may otherwise be determined by the Board of Directors.
Maynilad Water Services, Inc. formally unveiled its Php969 million Central Manila Sewerage System (CMSS) Rehabilitation Project
August 2020
MPHHI completed the acquisition of a 55% ownership stake in Ramiro Community Hospital, the leading private hospital in Bohol with a rich 45-year history.
May 2020
Metro Pacific’s Biogas Project receives Japanese Government Subsidy for Carbon Emission Reduction
Sumitomo Corporation acquires a 34.9% stake in Metro Pacific Light Rail Corporation
March 2020
MPTC disposed 10.32% of shares in PT Margautama Nusantara
February 2020
On February 26, 2020, the MPI Board of Directors approved the implementation of a Share Buyback Program. Said program shall run for a period of three (3) months from the date of the approval by the Board or until 26 May 2020, with the amount of up to Five Billion Pesos (Php 5,000,000,000) being allocated to effect share buybacks under the program.
MPCala opens first subsections of CALAX to full commercial operation
MPIC and Dusit International form hospitality and real estate venture
MPHHI invests in Los Baños Doctors Hospital (LBDH). LBDH is an 80-bed Level 2 hospital located along Lopez Avenue, Batong Malake, Los Baños, Laguna which was established in 1975 – the first hospital in Los Baños.
2019
December 2019
MPHHI invests in 67% of Manuel Santos Hospital
October 2019
TRB approved the CAVITEX R1 tariff increase and C5 Link Expressway Segment 3A-1 provisional initial tariff
KKR invests in MPHHI through an exchangeable bond
September 2019
MPW signed JVA with Dumaguete City Water District
Maynilad received Supreme Court decision on violation of Clean Water Act
June 2019
Received approval from the TRB for the SCTEX 2011 toll rate increase amounting to Php0.51.
March 2019
TRB approved the NLEX toll rate increase covering the 2012 and 2014 cycles and the investment recovery of Harbour Link Segment 10
February 2019
Segment 10 of NLEX Harbour Link commenced operations.
2018
November 2018
MPW entered into a Joint Venture Agreement with Metro Iloilo Water District (MIWD) for the rehabilitation, operation, maintenance, and expansion of MIWD’s existing water distribution system and construction of wastewater facilities.
Metpower Venture Partners Holdings, Inc., through Surallah Biogas Ventures Corporation finalized and signed agreements with Dole Philippines, Inc. (DPI) to design, construct, and operate biogas facilities specifically for DPI.
September 2018
PT MPTI submitted the mandatory tender offer plan to the Indonesian Financial Services Authority, which reviewed and cleared the same. As a result of the mandatory tender offer, a total of 3,760,231,769 PT Nusantara shares, equivalent to 24.68% on a fully diluted basis, were tendered at an approved price of IDR 211 per share.
NAIA Consortium was granted Original Proponent Status for its unsolicited proposal to rehabilitate, upgrade, expand, operate, and maintain the Ninoy Aquino International Airport for a period of 15 years.
July 2018
Metro Pacific Tollways Corporation (MPTC, through its Indonesian subsidiary, PT Metro Pacific Tollways Indonesia (PT MPTI), acquired an additional equity interest of 4.99% of the total issued capital stock of PT Nusantara. Together with PT MPTI’s earlier share acquisitions, this brought PT MPTI ownership to 53.3% of the total issued capital stock of PT Nusantara on a fully-diluted basis.
Metro Pacific Tollways South Corp. (“MPT South”), an indirect subsidiary of Metro Pacific Investments Corporation (MPIC), was granted Original Proponent Status by the Department of Public Works and Highways in relation to its unsolicited proposal for the Cavite-Tagaytay-Batangas Expressway Project.
June 2018
MPW acquired 49.0% of the outstanding capital stock of Tuan Loc Water Resources Investment Joint Stock Company.
May 2018
MetroPac Water Investments Corporation (MPW) acquired 45.0% of the outstanding capital stock of BOO Phu Ninh Water Treatment Plan Joint Stock Company (PNW). PNW has been granted a license to serve clean water demand in the Chu Lai Open Economic Zone, and urban areas, industrial zones and adjacent rural areas in Quang Nam province in Vietnam.
MPW received from Dumaguete City Water District (DCWD) the Notice of Award for the rehabilitation, operation, maintenance, and expansion of DCWD’s existing water distribution system and development of wastewater facilities.
April 2018
MPW entered into a Share Purchase Agreement for the acquisition of 49.0% of the outstanding capital stock of Tuan Loc Water Resources Investment Joint Stock Company (TLW). TLW is one of the largest water companies in Vietnam, with 310 MLD of installed capacity.
March 2018
MPIC declared cash dividends of P0.076 per common share payable to stockholders as of the record date of 28 March 2018 payable on 26 April 2018.
MPIC also declared cash dividends amounting to P4.6 million in favor of preferred shareholders.
NLEX Corporation filed with the Securities and Exchange Commission a registration statement for (i) the shelf registration of Philippine Peso denominated fixed rate bonds with an aggregate principal amount of P25.0 billion and (ii) the public offer and issuance of the initial tranche of the
NLEX Bond Program comprising of Bonds with an aggregate principal amount of P4.0 billion, with an oversubscription option of up to P2.0 billion, to be issued out of the NLEX Bond Program.
February 2018
Maynilad signed an P18.5 billion Notes Facility with various banks to refinance its existing peso denominated loans it issued in 2013 and fund other general corporate requirements.
January 2018
MPIC signed 10-year and 15-year syndicated term loan facilities totaling P10.0 billion to partially finance the redemption of the outstanding debt obligations of Beacon Electric Asset Holdings, Inc., a wholly-owned subsidiary of MPIC and for other general corporate purposes.
2017
December 2017
MPTC, through its subsidiary Cebu Cordova Link Expressway Corporation, received the Notice of
Award for the 8.5 kilometer Cebu-Cordova Link Expressway.
MPIC entered into separate agreements to secure 10-year fixed-rate loan facilities in the aggregate amount of P10.0 billion, proceeds of which will be used to finance its investment in various projects and for other general corporate purposes: (i) P5.0 billion from BDO Unibank, Inc. and; (ii) P5.0 billion from Union Bank of the Philippines.
MPW received from Metro Iloilo Water District (MIWD) the Notice of Award for the rehabilitation, operation, maintenance, and expansion of MIWD’s existing water distribution system and construction of wastewater facilities.
MPIC agreed to form a consortium with Aboitiz InfraCapital Inc., AC Infrastructure Holdings
Corporation, Alliance Global Group Inc., AEDC, Filinvest Development Corporation and JG Summit Holdings Inc. for the rehabilitation, operation, and maintenance of the Ninoy Aquino International
Airport (NAIA) through an unsolicited proposal to the Department of Transportation.
November 2017
Together with earlier share transactions, Metro Pacific Tollways Corporation (MPTC) acquired 48.3% of PT Nusantara Infrastructure Tbk (PT Nusantara) – an Indonesian infrastructure holding company with interests in toll roads, port operations, water, energy and telecommunications.
Global Business Power Corporation acquired 50.0% of Alsons Thermal Energy Corporation.
October 2017
MPHHI acquired 54.0% stake in St. Elizabeth Hospital, Inc. – a 248-bed tertiary level hospital in General Santos City.
September 2017
MPW received the Certificate of Acceptance and the conferment of the Original Proponent Status for the Pampanga Bulk Water Supply Project from the Office of the Governor of Pampanga.
July 2017
In the arbitration between the Republic of the Philippines (the Republic) and Maynilad Water Services, Inc. (Maynilad), the three-man Arbitral Tribunal unanimously upheld the validity of Maynilad’s claim against the Undertaking Letter issued by the Republic, through the Department of Finance, to compensate Maynilad for the delayed implementation of its relevant tariffs for the rebasing period 2013 to 2017. The Tribunal ordered the Republic to reimburse Maynilad the amount of P3.4 billion for losses from 11 March 2015 to 31 August 2016, without prejudice to any rights that Maynilad may have to seek recourse against MWSS for losses incurred from 1 January 2013 to 10 March 2015. Further, the Tribunal ruled that Maynilad is entitled to recover from the Republic its losses from 1 September 2016 onwards.
June 2017
MPIC acquired the remaining 25.0% stake of PLDT Communications and Energy Ventures in Beacon Electric Asset Holdings (Beacon Electric). This was partially funded by MPIC from the proceeds from the overnight placement of 4.5% of its directly held Manila Electric Company (MERALCO) shares. This brought MPIC economic interest in MERALCO to approximately 45.5% and in Global Business Power Corporation to 62.4%.
April 2017
MetroPac Movers, Inc. (MMI) acquired certain assets and business of Ace Logistics, Inc.
NLEX Corporation (NLEX) and Tollways Management Corporation (TMC), signed the plan of merger and articles of merger, with NLEX as the surviving corporation.
March 2017
MetroPac Water Investments Corporation (MPW) received the Notice of Award for the 30-year Cagayan de Oro 100 MLD Bulk Water Project.
Metro Pacific Investment Corporation’s (MPIC) consortium with Covanta Energy, LLC and Macquarie Group, Ltd. received Original Proponent Status from the Quezon City Government to design, construct, finance, and operate an Integrated Solid Waste Management facility. This facility will be capable of processing and converting up to 3,000 metric tons per day of municipal solid waste into 36 MW (net) of renewable energy.
January 2017
Metro Pacific Hospital Holdings, Inc. (MPHHI) acquired 65.0% of Delgado Clinic Inc., owner and operator of the Dr. Jesus C. Delgado Memorial Hospital in Quezon City.
2016
December 2016
NLEX Corp acquired an additional 14.0% of Tollways Management Corporation (TMC) bringing its ownership to 60.0%.
November 2016
NLEX Corp signed the Concession Agreement for the NLEX-SLEX Connector Road Project with the DPWH.
Maynilad Water Services, Inc. and PT Moya Indonesia signed a JV Agreement for the establishment of a joint venture company in Indonesia.
September 2016
NLEX Corp received the Notice of Award for the NLEX-SLEX Connector Road Project from the Department of Public Works and Highways (DPWH) – an 8-kilometer elevated toll expressway over the Philippine National Railways.
July 2016
MPHHI acquired 93.0% of Marikina Valley Medical Center, Inc.
June 2016
MPW acquired 65.0% of Eco-System Technologies International, Inc. (ESTII). ESTII is engaged in the business of designing, supplying, constructing, installing, and operating and maintaining wastewater and sewage treatment plant facilities.
May 2016
MetroPac Water Investments Corporation (MPW) signed a Joint-Venture Agreement with Metro Iloilo Water District (MIWD) for the formation of a Joint-Venture Company that will rehabilitate, expand, operate, and maintain MIWD’s existing water production facilities for 25 years.
MetroPac Movers, Inc. (MMI) completed the acquisition of assets and key contracts of Basic Logistics Corporation, A1Move Logistics, Inc., Philflash Logistics, Inc. and BasicLog Trading and Marketing Enterprise.
MPIC placed 3.6 billion shares to GT Capital Holdings,Inc. (GT Capital) at P6.10 each.
Metro Pacific Holdings, Inc. (MPHI) sold 1.3 billion shares to GT Capital, bringing effective ownership of GT Capital in MPIC to 15.6%
MPHI subscribed to 4.1 billion Class “A” voting preferred shares.
Beacon Electric Asset Holdings Inc. (Beacon Electric), through a wholly owned subsidiary Beacon PowerGen Holdings Inc., entered into a Share Purchase Agreement with GT Capital to acquire 56.0% of Global Business Power Corporation (GBPC).
MPIC acquired a further 25.0% interest in Beacon Electric from PLDT Communication and Energy Ventures (PCEV).
April 2016
NLEX Corporation (NLEX) issued a Notice of Arbitration and Statement of Claim to the Republic of the Philippines, acting by and through the Toll Regulatory Board (TRB), to obtain compensation for TRB’s inaction on lawful toll rate adjustments which were due since 1 January 2013.
Cavitex Infrastructure Corporation (CIC) issued a Notice of Arbitration and Statement of Claim to the Republic of the Philippines, acting by and through the TRB, to obtain compensation for TRB’s inaction on lawful toll rate adjustments which were due 1 January 2012, 1 January 2014, and 1 January 2015.
2015
December 2015
MPHHI acquired 51.0% of Sacred Heart Hospital of Malolos, Inc.
MPHHI acquired 20.0% of Manila Medical Services, Inc., the corporation that owns and operates Manila Doctors Hospital.
November 2015
MetroPac Water Investments Corporation (MPW) received the Notice of Award from the Iloilo Bulk
Water Supply Project from the Metro Iloilo Water District.
October 2015
MPIC acquired 25.0% of Indra Philippines, Inc. from MERALCO.
September 2015
Light Rail Manila Corporation (LRMC) took over the operations and maintenance of the Light Rail Transit (LRT) Line 1.
July 2015
MPCALA signed the Concession Agreement for the CALAEX Project.
June 2015
MPCALA Holdings, Inc. (MPCALA) received Notice of Award for the Cavite-Laguna Expressway (CALAEX) Project.
MPHHI subscribed to an additional 209,802 shares out of the 230,413 new RMCI shares at P1.7 per share. This brought MPHHI’s equity ownership in RMCI to 78.0%.
April 2015
Metro Pacific Investments Corporation (MPIC) purchased 112.7 million shares from Beacon Electric, representing approximately 10.0% of Manila Electric Company (MERALCO). This brought MPIC’s ownership in MERALCO to 32.5%.
March 2015
NLEX Corp signed a Business Agreement with BCDA for the management services, toll collection, traffic safety and security management, toll road and facilities maintenance, including all necessary support services of SCTEX over a 29-year period until 2043.
Segment 9, an extension of NLEX, commenced operations.
Maynilad Water Services Inc. (Maynilad) filed a Notice of Arbitration and Statement of Claim from the Republic for its revenue losses due to the delay of MWSS to implement the arbitral award that was issued on 29 December 2014 upholding Maynilad’s alternative rate rebasing adjustment.
Metro Pacific Hospital Holdings Inc. (MPHHI) signed a lease agreement with West Metro
Medical Center, a 110-bed hospital in Zamboanga City.
MPHHI acquired an additional 12.4% in Riverside Medical Center, Inc. (RMCI).
February 2015
NLEX Corporation and the Bases Conversion and Development Authority (BCDA) inked agreement to integrate NLEX and Subic-Clark-Tarlac Expressway (SCTEX) toll systems.
Metro Pacific Investments Corporation (MPIC) placed 1,812 million shares at P4.90 each, raising P8.9 billion in new equity – bringing public float to 47.9%.
NLEX Corporation received the Notice of Award for the management, operation and maintenance of the 94-kilometer SCTEX.
January 2015
Metro Pacific Tollways Corporation (MPTC) acquired 45.0% of CII Bridges and Roads.
2014
December 2014
MetroPac Water Investments Corporation (MPW) entered into an agreement to operate and maintain the 100 MLD (million liters per day) bulk water facility of Rio Verde Water Corporation located in Baungon, Bukidnon.
The Arbitration Panel of the Metropolitan Waterworks and Sewerage System and Maynilad Water Services, Inc. upheld the alternative rebasing adjustment of Maynilad resulting in a 9.8% increase in the 2013 per cu.m., inclusive of the P1.00 Currency Exchange Rate Adjustment.
October 2014
LRMC signed the Concession Agreement for the P65.0 billion LRT Line 1 Cavite Extension and Operations and Maintenance Project.
September 2014
The Department of Transportation and Communications awarded the 32-year concession for the Light Rail Transit (LRT) Line 1 project to Light Rail Manila Corporation (LRMC).
July 2014
GIC of Singapore, through its affiliate, invested P3.7 billion for a 14.4% stake in Metro Pacific Hospital Holdings Inc. (MPHHI) and advanced to MPIC P6.5 billion by way of Exchangeable Bond which can be exchanged into a 25.5% stake in MPHHI.
MPIC acquired the remaining 75.0% of FPM Infrastructure Holdings Ltd. which holds a 100.0% economic interest in AIF Toll Road Holdings (Thailand) Co., Ltd. This brought MPIC’s effective ownership of Don Muang Tollways to 29.5%.
Metro Pacific Tollways Development Corporation acquired equity interest equivalent to 50.0% plus one share of the capital stock of Easytrip Services Corporation
June 2014
Metro Pacific Investments Corporation (MPIC) purchased from Beacon Electric Asset Holdings Inc. 56.4 million shares, comprising approximately 5.0%, in Manila Electric Company (MERALCO) at P235.00 per share for an aggregate consideration of P13.2 billion. This brought MPIC’s ownership in MERALCO to 27.5%.
March 2014
AF Payments Inc. signed a ten-year concession agreement to build and implement the AFCS project for the LRT and MRT lines in Metro Manila.
January 2014
Metro Pacific Tollways Corporation (MPTC) purchased an additional 3.9% of NLEX Corporation from Egis Projects SA, for an aggregate purchase price of P1.4 billion. This brought MPTC’s
ownership in NLEX Corp to 71.0%.
2013
December 2013
AF Payments, Inc. was declared as the winning bidder of the P1.7 billion Automated
Fare Collection System Project.
November 2013
First Pacific and MPIC formed a joint venture to acquire a 29.4% stake in Don Muang Tollway
Public Company Ltd. of Thailand.
October 2013
MPIC acquired 51.0% of Central Luzon Doctor’s Hospital in Tarlac City.
May 2013
MPIC acquired 51.0% of De Los Santos Medical Center, a Level 3 teaching and training hospital in Quezon City.
April 2013
MPIC was included in the Morgan Stanley Capital International Index.
March 2013
Manila Electric Company (MERALCO), though a joint venture with First Pacific Company Limited (First Pacific), acquires 70.0% of PacificLight Power Co. (PacificLight) Ltd. At the time of acquisition, PacificLight was finishing construction of a 2×400 MW Liquefied Natural Gas Combined Cycle Combustion Turbine Power Plant located in Jurong Island, Singapore.
February 2013
Marubeni Corp. purchased 20.0% of Maynilad reducing MPIC’s economic interest from 56.8% to 52.8%.
January 2013
Metro Pacific Investments Corporation (MPIC) placed 1,330 million shares at P4.60 each, raising P6.1 billion in new equity – bringing public float to 43.8%.
Maynilad Water Services, Inc. was declared as the winning bidder for the sale of Olongapo City’s 10.0% stake in Subic Water and Sewerage Co., Inc. for a total purchase price of P210.6 million.
Metro Pacific Tollways Corporation (MPTC) secured 100% control of Cavitex Infrastracture Corporation by virtue of a Management Letter Agreement.
2012
December 2012
August 2012
MPIC, through its appointed depositary, Deutsche Bank, launches its American Depositary Receipts Level 1 Program.
Maynilad Water Services, Inc. signs a Share Purchase Agreement for the acquisition of 100% of Philippine Hydro, Inc.
June 2012
MPIC purchased from PCEV 282.0 million preferred shares of stock in Beacon Electric for an aggregate purchase price of P 3.6 billion. This brought MPIC ownership of both common and preferred shares to 50.0% in Beacon Electric.
May 2012
MPIC formed a joint venture corporation with Ayala Corporation for the purpose of pursuing the LRT 1 Expansion Project.
March 2012
MPIC launched a tender offer to the shareholders of Asian Hospital, Inc. at a purchase price of P1.39 per tender offer share.
January 2012
Metro Pacific Investments Corporation (MPIC) and PLDT Communications and Energy Ventures (PCEV) purchased an additional 2.7% of Manila Electric Company (MERALCO) through Beacon Electric Asset Holdings, Inc. (Beacon Electric). This brought Beacon Electric’s shareholdings in MERALCO to 48.0%.
2011
December 2011
MPIC acquired 56.5% of Asian Hospital Inc.
November 2011
Metro Pacific Investments Corporation (MPIC) acquired 100.0% of Colinas Verdes Hospital Managers Corporation (operator of Cardinal Santos Medical Center) from its associate Medical Doctor’s Inc.
October 2011
Beacon Electric acquired 68.8 million shares from PLDT Communication and Energy Ventures (PCEV) comprising approximately 6.1%, of MERALCO. In addition, PCEV subscribes to 1.20 billion preferred shares of Beacon Electric for an issue value of P15.1 billion. This brought Beacon Electric’s shareholdings in MERALCO to 45.4%.
July 2011
MPIC placed 2,400 million shares at P3.60 each, raising P8.6 billion in new equity – bringing public float to 40.8%.
May 2011
Beacon Electric Asset Holdings, Inc. (Beacon Electric) increases ownership of Manila Electric Company (MERALCO) to 38.9%.
February 2011
Formal unveiling of Maynilad Water Services, Inc.’s Putatan Water Treatment Plant.
2010
November 2010
MPIC established East Manila Hospital Managers Corporation and entered into a 20-year contract to manage and operate Our Lady of Lourdes Hospital.
August 2010
MPIC divested an additional 15.0% of LandCo., bringing its effective ownership down to 19.0%.
MPIC declared its first dividend of P0.010 per common share to stockholders of record as of 19 August 2010.
July 2010
Maynilad’s Putatan Water Treatment Facility began operations.
June 2010
Segment 8.1, an extension of North Luzon Expressway (NLEX), commenced operations.
MPIC divested its entire interest in Manila North Harbour Port Inc.
May 2010
MPIC acquired 51.0% of Riverside Medical Center Inc. (RMCI).
April 2010
Maynilad Water Services Inc.’s concession term was extended by an additional 15 years to 2037.
March 2010
Metro Pacific Investments Corporation (MPIC) established Beacon Electric Asset Holdings Inc. (Beacon Electric), a Joint Venture between MPIC and PLDT Communication and Energy Ventures (PCEV), for the sole purpose of holding their respective holdings in Manila Electric Company (MERALCO), totaling 34.8%.
2009
December 2009
MPIC acquired additional Davao Doctor’s Hospital shares increasing its effective ownership to 34.9%.
October 2009
MPIC issued additional 6.9% of its outstanding capital stock to Metro Pacific Holdings, Inc. (MPHI) in exchange for Manila Electric Company (MERALCO) shares.
MPIC won bid, together with Harbour Centre Port Terminal, to develop, manage and operate the North Harbour under Manila North Harbour Port, Inc.
September 2009
MPIC international roadshow set record equity placing for 2009 with issue size of US $300 million.
June 2009
March 2009
Santos Medical Center (CSMC).
2008
December 2008
MPIC directly acquired additional 5.9% of Maynilad Water Services, Inc., bringing its effective ownership to 56.8%
November 2008
MPIC completed the purchase of 99.8% of Metro Pacific Tollways Corporation (MPTC).
May 2008
MPIC acquired 34.0% of Davao Doctors Hospital (DDH).
February 2008
Maynilad exited from court administered rehabilitation.
January 2008
Metro Pacific Investments Corporation (MPIC) acquired 33.0% of Medical Doctors Inc. with the conversion of the notes subscribed in 2007.
2007
May 2007
MPIC subscribed to P750 million of convertible notes of Medical Doctors, Inc. (MDI) – Makati Medical Center – which entitled the Company to up to 33.0% of equity interest in MDI.
January 2007
Metro Pacific Investments Corporation (MPIC) acquired 42.0% effective ownership of Maynilad Water Services, Inc.
2006
December 2006
MPIC effectively listed with the Philippines Stock Exchange (PSE) by way of introduction.
November 2008
MPIC established DMCI-MPIC Water Company (DMWC) as a Joint Venture to acquire interest in
Maynilad Water Services, Inc.
March 2006
Metro Pacific Investments Corporation (MPIC) is incorporated and registered with the Securities and Exchange Commission.
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