Categorized | Stocks

MPI and JGS Joint Venture


Metro Pacific Investments Corporation and JG Summit Holdings Inc. have agreed to a joint venture that would bid for the P17-billion Mactan-Cebu International Airport expansion project. Manuel V. Pangilinan of Metro Pacific (Stock Code MPI) and the Gokongweis of JG Summit (Stock Code JGS) are currently partners in PLDT.

I think this is very good news for MPI and JGS stock holders specially if they win the Mactan-Cebu Airport contract.

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