First Pacific

First Pacific Company Limited (Chinese: 第一太平有限公司) is a Hong Kong-based investment management and holding company with operations located in Asia. It involves telecommunications, consumer food products and infrastructure.[2]

First Pacific Company Limited
第一太平有限公司
Listed company
Traded asSEHK: 142
IndustryInvestment Management
Founded1981 (1981)
FounderMr. Liem Sioe Liong
Headquarters
Victoria City
,
Hong Kong
Area served
Hong Kong, Philippines, Indonesia
Key people
Anthoni Salim (Chairman)
Manuel V. Pangilinan (Managing Director, CEO)
Total assetsUSD 8.679 billion 2012 [1]
Websitewww.firstpacific.com 

History

as of 2011 [3]

  • 1981: First Pacific Finance Limited was founded as a financial services provider in Hong Kong.
  • 1982: Acquired Hibernia Bank in San Francisco, United States. First Pacific International established to hold the Group's marketing and distribution businesses
  • 1985: Invested in First Pacific Davies in Hong Kong
  • 1987: Acquired Hong Nin Savings Bank in Hong Kong from British Hong Kong Government
  • 1988: Sold Hibernia Bank. First Pacific Holdings and First Pacific International merged to form the currently listed First Pacific Company. Acquired Pacific Link. First investment in telecoms with the purchase of a 50% interest in Pacific Link, Hong Kong. Acquired Dragon Seed Department Store in Hong Kong then sold it to Tokyu the same year,[4] set up retail operations (System One for electronic appliances and Sports Authority for sporting goods)
  • 1989: Acquired Imagineering Australia (named Tech Pacific thereafter)
  • 1992: Acquired Far East Bank and merged with Hong Nin Savings Bank, renamed and listed as First Pacific Bank in Hong Kong
  • 1996: First Pacific became a constituent of the Hang Seng Index (blue chip stock). Smart Communications launched cellular services in the Philippines. NTT of Japan invested in Smart Communications as a strategic investor. Acquired PDCP Bank (later renamed as 1st e-Bank in 2000 until it was sold to Banco de Oro in 2002[5][6]) in the Philippines. Invested in GSM networks in China's Fujian Province, Shenzhen, Dongguan and Huizhou and in Taiwan's Tuntex Telecom, rolled out GSM mobile networks in India through Escotel.
  • 1997: Sold Tech Pacific to Hagemeyer[7] and Pacific Link to Hong Kong Telecom[8]
  • 1998: Acquired PLDT in the Philippines and Indofood in Indonesia. Concluded acquisition of Smart Communications by PLDT
  • 2000: Sold First Pacific Bank to Bank of East Asia
  • 2001: Removed from a constituent of the Hang Seng Index.[9]
  • 2006: Relisted MPIC as an infrastructure company
  • 2007: Increased investment in PLDT. Invested in water distribution (Maynilad) and hospital (Makati Medical Center) through MPIC. Listed Indofood's plantations businesses through IndoAgri. IndoAgri acquired Lonsum (plantations)
  • 2008: First Pacific made its first investments in mining (Philex), and in toll roads (MPTC) through MPIC. MPIC increased investment in Maynilad. Indofood added dairy business through the acquisition of Indolakto
  • 2010: Invested in Meralco through Beacon Electric (PLDT and MPIC), in hospitals through MPIC and in Philex.
  • 2015: Together with Wilmar International, acquired Goodman Fielder of Australia and New Zealand for $1.3 billion Australian dollars.

Businesses

Australia:

Indonesia:

Philippines:

  • Metro Pacific Investments Corporation (52.1%)
  • PLDT (25.6%)
  • Philex Mining Corporation (31.2%)
  • Roxas Holdings Inc.
  • First Coconut Manufacturing Inc.

Singapore:

Former businesses

See also

References
  1. First Pacific FY 2012 Results Presentation Archived 2016-03-04 at the Wayback Machine retrieved May 3, 2013
  2. "irasia.com - First Pacific Company Limited". Retrieved 2 December 2016.
  3. Key Corporate Events Archived 2013-04-11 at the Wayback Machine retrieved May 2, 2013
  4. "History of Tokyu Department Store Co., Ltd. – FundingUniverse". Retrieved 2 December 2016.
  5. "SM's Banco de Oro to buy First e-Bank". The Philippine Star. September 28, 2002. Retrieved September 28, 2002.
  6. "Banco de Oro takes over First e-Bank operations". The Philippine Star. October 25, 2002. Retrieved October 25, 2002.
  7. "History of Hagemeyer N.V. – FundingUniverse". Retrieved 2 December 2016.
  8. "Hong Kong Telecom agrees to buy Pacific link for US $625 million". 1 January 1998. Archived from the original on 25 October 2012. Retrieved 2 December 2016. Cite journal requires |journal= (help)
  9. History of First Pacific Archived 2008-12-01 at the Wayback Machine
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