Saturday, February 10, 2018

Globalport 900, Inc. (PORT)

It's a listed company but the trading is suspended as of Jan 2018.

1. Company Information
Company Name
Globalport 900, Inc. (PORT)
Ownership
Michael L. Romero
Website / E-mail
2. Company Descriptions and Business Development
Overview
PORT is a publicly listed but suspened. PORT owns Harbour Centre, a 15-hectare multi-purpose private commercial terminal located within the 79-hectare port-city complex called Manila Harbour Centre, now country's biggest bulk and breakbulk port. He listed his port assets in 2011, with a reverse takeover of listed MIC Holdings, renaming it GlobalPort 900, Inc. Other interests include mining, hotels, a 20% stake in Air Asia Philippines and 15% in Alfred Yao's Zest Airways. He, through Harbour Centre Port Terminal Inc. (HCPTI), claims to own 65% stake in Manila North Harbour, country's biggest port, where San Miguel is a partner. PCOR (a SMC’s unit) sold the share to ICT. Michael has issues with his father Reghis Romero II on the ownership of HCPTI which owns Manila North Harbour operation. Michael’s plan was to consolidate Manila harbor Center and Manila North Habour.

Notes: Asian Terminals, Inc (ATI) operates South Harbour and International Container Terminal Service, Inc. (ICT) operates Manila International Container Terminal located between South and North Harbor.
Business

Subsidiaries / Associates / Affiliates / Joint Ventures

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MARKET ISSUES

[last partial update : 02/28/2018] Macro and Overseas (a) US interest rate : 1.25 ~ 1.5%, May increase 3 times in 2018 (b) US 10 yr bond...