First Pacific’s Strategic Tollway Acquisition Approved

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

First Pacific Company Limited successfully passed a resolution during their Special General Meeting on August 22, 2024, for a share purchase agreement involving major tollway entities in Indonesia. The agreement, which entails the acquisition of an 18% stake in PT Jasamarga Transjawa Tol by the First Pacific Investor Group, received overwhelming approval with 98.29% votes in favor. This strategic move underlines First Pacific’s continued expansion in the Southeast Asian infrastructure sector.

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