First Pacific to Hold Special Meeting on Indofood Transactions
First Pacific Company Limited announced a special general meeting to approve transactions and new annual caps for PT Indofood Sukses Makmur Tbk from 2026 to 2028. This decision aims to impact operational strategies and financial planning, aligning with Indofood's interests. The latest analyst rating for First Pacific Co (HK:0142) is a Buy with a HK$7.00 price target.
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First Pacific Co ( (HK:0142) ) has provided an update.
First Pacific Company Limited has announced a special general meeting to approve continuing connected transactions and new annual caps for its plantations and distribution businesses carried out by its subsidiary, PT Indofood Sukses Makmur Tbk, for the years 2026 to 2028. This move is expected to impact the company’s operational strategies and financial planning, allowing flexibility in adjusting annual caps to align with the interests of Indofood and its subsidiaries, potentially influencing stakeholder interests and market positioning.
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 Company Limited is a Hong Kong-based investment management and holding company with interests in consumer food products, telecommunications, infrastructure, and natural resources. The company operates primarily in the Asia-Pacific region, focusing on strategic investments in large-scale businesses.
Average Trading Volume: 4,653,437
Technical Sentiment Signal: Buy
Current Market Cap: HK$28.26B
