First Pacific Co Announces Spin-Off and Listing of Maynilad on Philippine Stock Exchange
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First Pacific Co announced the spin-off and listing of Maynilad Water Services, Inc. on the Philippine Stock Exchange. Shareholders holding at least 17,200 shares will receive 100 Maynilad shares. This move aims to provide meaningful shares and avoid odd lots. The latest analyst rating for First Pacific Co (HK:0142) is a Buy with a HK$7.00 price target. First Pacific Co is incorporated in Bermuda and has a market cap of HK$25.88B.
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