The bulk grain terminal, located in Bataan, was valued at P1.6 billion and currently holds the right to develop and operate MGTl for 20 years under an agreement with the Philippine Ports Authority by Asian Terminals Inc. (ATI).

SMC first signified interest to acquire the terminal in the early 1990s but failed to close negotiations with ATI.

And now, Ang said that they will takeover to give more additional contribution to the feed mill that has 500,000 metric tons per year capacity. [via]