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MAEOY - First Pacific Company Ltd. - Half The Price But Not Without Risk
Manila Electric Co ADR
In a recent article, I presented CK Hutchison Holdings Ltd. (CKHUF, CKHUY), a Hong Kong conglomerate relying on Europe. Today I would like to try to give readers an overview of another (albeit much smaller) company from the Chinese special administration zone that has its business focus elsewhere: First Pacific Company Ltd. (FPAFY, FPAFF).
First Pacific was founded in 1981 by Manuel V. Pangilinan who continues to be the company's CEO. The largest individual shareholder is chairman Anthoni Salim, the heir of the closely held Indonesian