FIRST PACIFIC (00142) has completed the proposed demerger of MAYNILAD WATER SERVICES, INC. and will independently list on the Philippine Stock Exchange.

FIRST PACIFIC (00142) has announced that the proposed demerger of Maynilad and its listing on the Philippine Stock Exchange was completed on November 7, 2025. The offer price was set at 15 Philippine pesos per share of Maynilad (equivalent to around 0.25 US dollars or 1.98 Hong Kong dollars). The company has subscribed for 24.9048 million shares of Maynilad with the aim of providing shareholders with the rights guaranteed under Application Guidance 15.