NLEX Corporation explained

NLEX Corporation
Type:Subsidiary
Founder:Lopez Holdings Corporation
Location City:Caloocan, Metro Manila
Location Country:Philippines
Area Served:Philippines
Key People:Manuel V. Pangilinan (Chairman)
Jose Luigi L. Bautista (President and CEO)
Industry:Transportation
Services:Tollway operation and maintenance
Parent:Metro Pacific Investments Corporation

NLEX Corporation (Full name: North Luzon Expressway Corporation;[1] formerly Manila North Tollways Corporation) is a subsidiary of Metro Pacific Tollways Corporation (MPTC), a company owned by Metro Pacific Investments Corporation . It holds the concession rights to construct, operate and maintain the North Luzon Expressway (NLEX) and Subic–Clark–Tarlac Expressway (SCTEX). The company was acquired by the Metro Pacific group from Lopez Holdings Corporation in August 2008.[2]

MNTC–TMC merger

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.[3] The SEC approved the name change on February 13, 2017. The MNTC and NLEX Corporation names were concurrently used from 2017 to 2018.[4]

Basketball teams

External links

Notes and References

  1. October 14, 2020. 2 nasawi, 3 sugatan sa pagbagsak ng steel girder sa ginagawang tulay sa Subic. tl. June 24, 2023. Philippines. People's Television Network.
  2. Web site: Metro Pacific buys Philippines toll road. Financeasia.com. October 22, 2018.
  3. http://www.philstar.com:8080/business/2016/11/23/1646387/stockholders-ok-mntc-tmc-merger
  4. Web site: SEC Form 17-C. PDF. Pds.com.ph. October 22, 2018.