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Tag Archives: First Pacific Company Ltd.

Dito 3rd telco affiliate PNX not MVP led PXP could likely be the winner in the resumption of exploration in the South China Sea

Among the areas in the South China Sea, Reed Bank is the most promising area for oil and gas exploration.  Recto Bank is said to contain most of the oil and natural gas in the South China Sea. Exploration in Reed Bank is covered by Service Contract 72 which is being operated by Forum EnergyContinue reading “Dito 3rd telco affiliate PNX not MVP led PXP could likely be the winner in the resumption of exploration in the South China Sea”

First Philippine Holdings (FPH) may increase cash dividend to spruce up value to fend off a potentially hostile SSS holding a 5.48% stake

First Philippine Holdings Corporation (FPH) is the holding company controlling First Gen Corporation  (FGEN).  FPH controls 67.74% of FGEN.  FGEN is one of the Philippines’ largest power generation companies.  It owns a portfolio of solar, wind, hydro, geothermal and natural gas power generation assets. Aside from its controlling stake in FGEN, FPH also controls RockwellContinue reading “First Philippine Holdings (FPH) may increase cash dividend to spruce up value to fend off a potentially hostile SSS holding a 5.48% stake”

Retail, domestic funds, and foreign investors grab Metro Pacific Investment (MPI) shares after 5 Billion-Peso share buy-back announcement

Fresh with cash from its shareholdings sell-down in Metro Pacific Hospital Holdings, Inc. to KKR and GIC, Metro Pacific Investments Corporation (MPI) announced on October 1, 2020 a 5 Billion-Peso share buyback program.  It seems that for now MPI can’t find an attractive target other than its own shares. Just last December 2019, MPI completedContinue reading “Retail, domestic funds, and foreign investors grab Metro Pacific Investment (MPI) shares after 5 Billion-Peso share buy-back announcement”

First Pacific successfully redeemed US$251.9 Million bonds secured by a 12% interest in PLDT (TEL)

First Pacific Company Ltd. of Hong Kong owns 25.6% of PLDT (TEL) which in turn owns 100% of Smart Communications, Inc. First Pacific Company Ltd. has the famous Filipino executive, Manuel V. Pangilinan (MVP), as Managing Director and Chief Executive Officer. In September 2010, FPT Finance Limited issued a US$400,000,000 6.375% bonds due 2020 irrevocablyContinue reading “First Pacific successfully redeemed US$251.9 Million bonds secured by a 12% interest in PLDT (TEL)”