First Pacific Updates Maynilad Spin-off and Listing Plans

An announcement from First Pacific Co ( (HK:0142) ) is now available.

First Pacific Company Limited has announced an update on the proposed spin-off and separate listing of its Philippine affiliate, Maynilad Water Services, Inc., on the Philippine Stock Exchange. The updated timetable, submitted to the Securities and Exchange Commission of the Philippines and the Philippine Stock Exchange, targets the listing by the end of October 2025. This move is in response to potential demand from strategic investors and is subject to regulatory approvals, which could enhance Maynilad’s market presence and provide growth opportunities.

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 interests primarily in consumer food products, telecommunications, infrastructure, and natural resources. The company operates in various markets across Asia, focusing on long-term strategic investments in these sectors.

YTD Price Performance: 27.21%

Average Trading Volume: 5,283,163

Technical Sentiment Signal: Buy

Current Market Cap: HK$23.83B

See more data about 0142 stock on TipRanks’ Stock Analysis page.