COVER SHEET - 2Go

C. OTHER MATTERS
Item 8. MERGERS, CONSOLIDATIONS, ACQUISITIONS AND SIMILAR MATTERS
Investment in Supercat Fast Ferry Corporation
In November 2010, the board of ATS approved a resolution to increase its investment in SFFC by
350,000 common shares at a subscription price of P70 million thereby increasing its ownership from
160,000 common shares to 510,000 common shares.
SFFC is in the business of providing fast craft passenger services under the SuperCat brand name.
Disposition of investments in ABOJEB, AJMSI, JMI and JMBVI
In December 2010, the ATS’ board approved the sale of ATS’ 62.5% equity in Aboitiz Jebsen Bulk
Transport Corporation, Aboitiz Jebsen Manpower Solutions, Inc. and Jebsen Maritime, Inc, to Aboitiz
Equity Ventures, Inc. (AEV) for a total price of P 355,908,432. The companies are engaged in bulk
transport, manning and crew management, and ship management.
The board also approved the sale of the 50% interest of ATS in Jebsen Maritime (BVI) Limited, a
chartering company, to Aboitiz & Company, Inc. (ACO) for P 44,000,000.
The sale of ATS’ shareholdings in the Aboitiz Jebsen companies is in line with the sale of AEV’s and
ACO’s respective shares in ATS. The said sale of AEV’s and ACO’s investments in ATS, however, does
not include its interests in its joint venture companies with the Jebsen Group of Norway.
Item 9. ACTION WITH RESPECT TO REPORTS
The minutes of the last special stockholders’ meeting held on July 15, 2010 and the Annual Report of
Management for the year ended December 31, 2010 will be submitted to the stockholders for their
approval.
Item 10. MATTERS NOT REQUIRED TO BE SUBMITTED
All corporate actions to be taken up at the annual stockholders’ meeting this June 22, 2011 will be
submitted to the stockholders of the Registrant for their approval in accordance with the requirements
of the Corporation Code.
Item 11. AMENDMENT OF O
ARTICLES OF INCORPORATION AND BY-LAWS
For approval of the stockholders this June 22, 2011 meeting is the resolution of the Board to amend
the First Article of the Articles of Incorporation of the Company as follows (proposed amendment
underscored):
"FIRST: That the name of the corporation shall be
ATS CONSOLIDATED (ATSC), INC.
(formerly "Aboitiz Transport System (ATSC) Corporation")
Doing business under the name and style of "ATS”, “2GO”, “2GO Together”, “SuperFerry", “SuperFerry
Travel and Leisure”, and “Cebu Ferries”
This amendment is in relation to the terms of the acquisition by NENACO of AEV’s and ACO’s
shareholdings in ATS, wherein the Aboitiz family required NENACO, within a reasonable period, to
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