---
title: "First Pacific Co Announces Spin-Off and Listing of Maynilad on Philippine Stock Exchange"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/269096107.md"
description: "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."
datetime: "2025-12-09T13:38:39.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/269096107.md)
  - [en](https://longbridge.com/en/news/269096107.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/269096107.md)
---

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

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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

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