20 Aug MFT Group expanding portfolio by 30% yearly
By: Jenniffer B. Austria | August 20, 2018
MFT Group, a Philippine private equity fund, plans to increase its asset portfolio annually by 20 percent to 30 percent as it aggressively pursues the expansion of the new medical equipment and food and beverage businesses here and overseas.
MFT Group, which has investments in real estate, healthcare food and beverage, financial services and technology, credit petroleum and lifestyle and entertainment, has P3.2 billion in its asset portfolio.
MFT Group chief executive Mica Tan said the company would actively expand its presence in 100 cities worldwide across asset class.The group has investments in 18 countries, including Spain, the US, Japan, Hong Kong, Singapore, Vietnam, Indonesia and Malaysia.
For the healthcare venture, MFT Group recently acquired Meihao Corp. of Hong Kong. MFT Group already established itself as one of the largest private providers of medical equipment and supplies to hospitals and health institutions in the Philippines.