Mit-Pacific Infrastructure Holdings Corp. of Japan’s Mitsui Corp. is reducing its stake in Metro Pacific Investments Corp. (MPIC).
Hong Kong-based First Pacific Co. Ltd., the parent company of MPIC, said in a disclosure to Hong Kong Stock Exchange its Philippine flagship firm signed an agreement with Mit-Pacific.
Under the deal, MPIC will buy back 4.577 billion common shares owned by Mit-Pacific, representing 7.3 percent of MPIC.
This will cut Mit-Pacific’s stake in...
Mit-Pacific Infrastructure Holdings Corp. of Japan’s Mitsui Corp. is reducing its stake in Metro Pacific Investments Corp. (MPIC).
Hong Kong-based First Pacific Co. Ltd., the parent company of MPIC, said in a disclosure to Hong Kong Stock Exchange its Philippine flagship firm signed an agreement with Mit-Pacific.
Under the deal, MPIC will buy back 4.577 billion common shares owned by Mit-Pacific, representing 7.3 percent of MPIC.
This will cut Mit-Pacific’s stake in...
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