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First Pacific Co ( (HK:0142) ) has provided an announcement.
First Pacific Company Limited has announced the spin-off and separate listing of its Philippine affiliate, Maynilad Water Services, Inc., on the Philippine Stock Exchange. The announcement outlines the record date for shareholders to qualify for assured entitlements related to this spin-off, with further details to be provided in a forthcoming circular. This strategic move is expected to enhance the company’s market positioning and provide shareholders with direct investment opportunities in Maynilad.
The most recent analyst rating on (HK:0142) stock is a Buy with a HK$7.00 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 interests in consumer food products, telecommunications, infrastructure, and natural resources. The company operates in various markets, primarily focusing on the Asia-Pacific region.
Average Trading Volume: 4,606,798
Technical Sentiment Signal: Buy
Current Market Cap: HK$26.74B
Find detailed analytics on 0142 stock on TipRanks’ Stock Analysis page.