First Pacific Co Announces Major Investment Deal
Company Announcements

First Pacific Co Announces Major Investment Deal

First Pacific Co (HK:0142) has released an update.

First Pacific Co has announced a major transaction involving the acquisition of approximately 24.5% equity interest in PT Jasamarga Transjawa Tol, with the First Pacific Investor Group purchasing shares for a total consideration equivalent to approximately US$673.2 million. The deal also includes provisions for potential adjustments and an earn-out payment, and upon closing, it will trigger a shareholders’ agreement regarding the governance of the target company.

For further insights into HK:0142 stock, check out TipRanks’ Stock Analysis page.

Related Articles
TipRanks HongKong Auto-Generated NewsdeskFirst Pacific Highlights PLDT’s Latest Financial Results
TipRanks HongKong Auto-Generated NewsdeskFirst Pacific Announces PLDT’s Nine-Month Financial Results
TipRanks HongKong Auto-Generated NewsdeskFirst Pacific Sells Stake in Philippine Storage Firm
Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App