6-488: NLEX Corporation (Full name: North Luzon Expressway Corporation ; formerly Manila North Tollways Corporation ) is a subsidiary of Metro Pacific Tollways Corporation (MPTC), a company owned by Metro Pacific Investments Corporation ( PSE : MPI ). It holds the concession rights to construct, operate and maintain the North Luzon Expressway (NLEX) and Subic–Clark–Tarlac Expressway (SCTEX). The company
12-457: A deal worth PHP 29.89 billion. GT Capital acquired 3.6 billion new common shares in MPIC at PHP 6.10 per share amounting to a stake of 11.4 percent on an expanded capital base for a total cash consideration of PHP 21.96 billion. It also acquired a further 1.3 billion common shares in MPIC from Metro Pacific Holdings, Inc. (MPHI), a Philippine affiliate of First Pacific Company , at the same price, for
18-584: A total of PHP 7.93 billion in cash. These transactions result in GT Capital holding an overall stake of 15.6 percent of the common share capital of MPIC in a new business alliance between the two business groups. In August 2023, the company formally filed for voluntary delisting from the Philippine Stock Exchange (PSE). The company completed its tender offer on September 19, 2023 acquiring 5.46 billion common shares equivalent to 19% of
24-541: Is a Philippine unit investment holding company of First Pacific Company Limited through Metro Pacific Holdings, Inc. MPIC through its subsidiaries, provides water, sanitation, and sewerage services and also operates in real estate, and infrastructure projects. It also invests in some hospitals in the Philippines. In May 2016, GT Capital Holdings Inc. acquired 15.6 percent of MPIC, which will, in turn, buy control over GT Capital's Global Business Power Corporation in
30-649: The name change on February 13, 2017. The MNTC and NLEX Corporation logos and names were concurrently used from 2017 to 2018. This article about transportation in Philippines is a stub . You can help Misplaced Pages by expanding it . This article related to a road in Asia is a stub . You can help Misplaced Pages by expanding it . This transport corporation-related article is a stub . You can help Misplaced Pages by expanding it . Metro Pacific Investments Corporation Metro Pacific Investments Corporation ( MPIC )
36-556: Was acquired by the Metro Pacific group from Lopez Holdings Corporation in August 2008. In November 2016, MNTC shareholders approved its merger with Tollways Management Corporation (TMC), with MNTC as the surviving company. TMC was engaged in the operations and maintenance of tollways, its facilities, interchanges and related works. The shareholders also approved the change of the name of MNTC to NLEX Corporation. The SEC approved
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