First Pacific Proposes Spin-off and Listing of Maynilad on Philippine Stock Exchange

First Pacific Co ( (HK:0142) ) just unveiled an update.

First Pacific Company Limited has announced a special general meeting to discuss the proposed spin-off and separate listing of its Philippine affiliate, Maynilad Water Services, Inc., on the Philippine Stock Exchange. This strategic move is expected to enhance the operational focus and market positioning of Maynilad, potentially unlocking shareholder value and providing greater financial flexibility for both companies.

The most recent analyst rating on (HK:0142) stock is a Buy with a HK$4.30 price target. To see the full list of analyst forecasts on First Pacific Co stock, see the HK:0142 Stock Forecast page.

More about First Pacific Co

First Pacific Company Limited is a Hong Kong-based investment management and holding company with a focus on the Asia-Pacific region. The company primarily invests in consumer food products, telecommunications, infrastructure, and natural resources sectors, aiming to enhance the growth and development of its portfolio companies.

Average Trading Volume: 6,669,239

Technical Sentiment Signal: Buy

Current Market Cap: HK$23.14B

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