First Pacific Co Announces Spin-Off and Listing of Maynilad on Philippine Stock Exchange

First Pacific Co ( (HK:0142) ) has shared an announcement.

First Pacific Co has announced the spin-off and separate listing of its affiliate, Maynilad Water Services, Inc., on the Philippine Stock Exchange. The company will distribute shares to qualifying shareholders, with a minimum requirement of holding 17,200 shares to receive 100 Maynilad shares. This move is aimed at ensuring that shareholders receive a meaningful amount of shares, avoiding the administrative burden of distributing odd lots.

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 Co is a company incorporated with limited liability under the laws of Bermuda. It is involved in the spin-off and separate listing of its Philippine affiliate, Maynilad Water Services, Inc., on the Philippine Stock Exchange.

Average Trading Volume: 4,381,025

Technical Sentiment Signal: Buy

Current Market Cap: HK$25.88B

For detailed information about 0142 stock, go to TipRanks’ Stock Analysis page.