MVP Group confirms Bilyonaryo.com story: MPIC mulls delisting from PSE

Metro Pacific Investments Corp. (MPIC) has confirmed that it is considering delisting its shares from the Philippine Stock Exchange but said that no decision has yet been made.

MPIC told the local bourse that the planned delisting is one of several options being considered for the benefit of the company and its stakeholders.

“While delisting as an option is being discussed, no final decision has been made,” MPIC said.

The infrastructure conglomerate also said that it has not entered into any definitive agreement with respect to the acquisition of its shares by an investor.

Bilyonaryo.com reported that MPIC, which is controlled by the First Pacific-Salim group and GT Capital Holdings of the Ty family, has been seriously considering delisting due to its low stock price.