principal investments

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Indofood

is a leading Total Food Solutions company with operations in all stages of food manufacturing from the production of raw materials and their processing through to the manufacture of consumer food products and their distribution to the market. > read more

PLDT

is the leading telecommunications and digital services provider in the Philippines. Its shares are listed on the Philippine Stock Exchange and its American Depositary Receipts are listed on the New York Stock Exchange. > read more

MPIC

is a Philippine-listed investment management and holding company focused on infrastructure development. > read more

Goodman Fielder

is headquartered in Sydney, Australia, and has 36 manufacturing plants in Australia, New Zealand, Fiji, Papua New Guinea, New Caledonia and Indonesia. > read more

Philex

is a Philippine-listed company engaged in the exploration and mining of mineral resources and, through investment in Philippine-listed PXP Energy Corporation (PSE: PXP), in energy and hydrocarbon exploration and production. > read more

Pacificlight

operates one of Singapore’s most efficient power plants, housing an 800-megawatt natural gas-fired combined cycle facility. Its wholly-owned subsidiary PacificLight Energy Pte. Ltd. offers customized price packages for retail electricity customers in Singapore. > read more

Roxas Holdings

is a leading integrated sugar producer in the Philippines and also the country’s largest ethanol producer. > read more

INVESTMENT COMPANIES

KEY CORPORATE EVENTS

1981

First Pacific Finance Limited was founded as a financial services provider in Hong Kong (deposit-taking company or aka finance house). Start-up capital was HK$7 million (US$0.9 million) with a total staff of six (6) in a 500 square feet (50 square meters) office in Central, Hong Kong. Original name was Overseas Union Finance Limited (OUF)

From 1982-1987

Acquired Hibernia Bank in San Francisco, a controlling interest in Hagemeyer, the Netherlands, invested in Berli Jucker in Thailand, First Pacific Davies in Hong Kong, United Savings Bank in California, Hong Nin Bank in Hong Kong and founded Metro Pacific Corporation in the Philippines

1988

First Pacific Holdings and First Pacific International merged to form the currently listed First Pacific Company (using Shanghai Land of the Kadoorie Family as the listed shell)

First investment in telecoms with the purchase of a 50% interest in Pacific Link, Hong Kong. Acquired Dragon Seed Department Store in Hong Kong, set up retail operations (System One for electronic appliances and Sports Authority for sporting goods)

1989

Acquired a controlling interest in Imagineering Australia thereafter named Tech Pacific

1992

Acquired Far East Bank and merged it with Hong Nin Bank, renamed and listed as First Pacific Bank in Hong Kong

From 1988-1996

First Pacific showed significant growth in marketing and distribution, property and banking divisions; and pioneered in regional telecoms investments

From 1993-1996

Smart Communications launched cellular services in the Philippines. NTT of Japan invested in Smart Communications as a strategic investor. Acquired PDCP Bank and First e-Bank 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

1996

First Pacific became a constituent of the Hang Seng Index

From 1998

With the Asian crisis, First Pacific restructured and refocused in Asia with core investments in leading companies in telecoms, consumer food products and infrastructure sectors

From 1998-2000

Acquired PLDT in the Philippines and Indofood in Indonesia. Concluded acquisition of Smart by PLDT

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

2009

Invested in electricity distribution (Meralco) through PLDT and MPIC. Increased investment in Philex

2010

Increased investments in Meralco through Beacon Electric (PLDT and MPIC), in hospitals through MPIC and in Philex. Listed Indofood's consumer branded products businesses through ICBP

2011

Increased investments in telecoms through PLDT's acquisition of Digitel, in Meralco through Beacon Electric, in hospitals through MPIC. Listed natural resources businesses through Philex Petroleum (oil and gas exploration) and SIMP (plantations)

2012

Increased investments in Meralco through Beacon Electric (PLDT and MPIC), in Philippine Hydro (PH) Inc. through Maynilad, in CAVITEX through MPTC, in hospital through MPIC, in consumer products through Indofood, in plantations through IndoAgri, SIMP and Lonsum

2013

FPM Infrastructure (First Pacific and MPIC) acquired 29.45% of Don Muang Tollway

FP Natural Resources (First Pacific and IndoAgri) acquired 34.0% of Roxas Holdings

FPM Power (First Pacific and Meralco) acquired 70.0% of PacificLight Power

2014

First Pacific sold its 75.0% interest in FPM Infrastructure to MPIC, lifted MPIC stake in Don Muang Tollway to 29.45%

2015

First Pacific acquired 50.0% of Goodman Fielder

FP Natural Resources (First Pacific and IndoAgri) and its Philippine affiliate increased investment in Roxas Holdings to 50.9%

2016

Metro Pacific Holdings, Inc. ("MPHI", a Philippine affiliate of First Pacific) sold 4.1% diluted interest in MPIC to GT Capital Holdings, Inc. ("GT Capital") and subscribed newly issued Class A voting preferred shares in MPIC. Post transactions, MPHI holds a voting interest in MPIC of 55.0% and an economic interest of 42.0%

MPIC expanded its power portfolio by increasing its interest in Beacon Electric to 75.0% from 50.0% and invested in Global Business Power Corporation

2017

MPIC acquired the remaining 25.0% interest in Beacon Electric which became a wholly-owned subsidiary of MPIC