First Pacific
 | |
| Listed company | |
| Traded as |
SEHK: 142 OTC Pink: FPAFY |
| Industry | Investment Management |
| Founded | 1981 |
| Founder | Mr. Sudono Salim |
| Headquarters | Hong Kong, China |
Area served | Hong Kong, Philippines, Indonesia |
Key people |
Anthoni Salim (Chairman) Manuel V. Pangilinan (Managing Director, CEO) |
| Total assets |
USD 8.679 billion  2012 [1] |
| Website | First Pacific Company Limited |
First Pacific Company Limited (Chinese: 第一太平有限公司) (SEHK: 142, OTC Pink: FPAFY) is a Hong Kong-based investment management and holding company with operations located in Asia. It involves telecommunications, consumer food products and infrastructure.[2] Its chairman is Anthoni Salim (Chinese: 林逢生), an Indonesian Chinese entrepreneur.
History
as of 2011 [3]
- 1981: First Pacific Finance Limited was founded as a financial services provider in Hong Kong by Mr. Sudono Salim (Chinese: 林紹良), an Indonesian Chinese entrepreneur and Anthoni Salim's father.[4]
- 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,[5] 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 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.
- 1997: Sold Tech Pacific to Hagemeyer[6] and Pacific Link to Hong Kong Telecom[7]
- 1998: Acquired PLDT in the Philippines and Indofood in Indonesia. Concluded acquisition of Smart by PLDT
- 2000: Sold First Pacific Bank to Bank of East Asia
- 2001: Removed from a constituent of the Hang Seng Index.[8]
- 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
List of businesses owned as of March 24, 2015:[9]
- Philex Mining Corporation (31.2%)
- Indofood Agri Resources Ltd. (IndoAgri) (61%)
- FP Natural Resources (79.2%)
- Metro Pacific Investments Corporation (52.1%)
- FPM Power (68%)
- Indofood (50.1%)
- goodman fielder (50%)
- Philippine Long Distance Telephone Company (25.6%)
Former Businesses
- Tech Pacific (1989-1997) - sold to Hagemeyer
- Pacific Link (1988-1997) - sold to Hong Kong Telecom
- Hibernia Bank (1982-1985) - sold to Security Pacific Bank
- First Pacific Bank (1992-2000) - sold to Bank of East Asia
See also
References
- ↑ First Pacific FY 2012 Results Presentation retrieved May 3, 2013
- ↑ First Pacific Company Limited
- ↑ Key Corporate Events retrieved May 2, 2013
- ↑ First Pacific Company Limited
- ↑ http://www.fundinguniverse.com/company-histories/tokyu-department-store-co-ltd-history/
- ↑ Hagemeyer N.V.
- ↑ Hong Kong Telecom agrees to buy Pacific link for US $625 million
- ↑ History of First Pacific
- ↑ Business Structure retrieved June 15, 2015
External links
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