FIRST PACIFIC (00142.HK): Indonesian Units Launch Share Buybacks

NewTimeSpace · 2026/10/30 18:08 · By Xuran Lin

On 30 October 2026, FIRST PACIFIC (00142.HK) said Indofood, 50.1%-owned, and two listed units launched buybacks in Indonesia, capped at IDR 750 billion each.

NewTimeSpace News: On 30 October 2026, First Pacific Company Limited (stock code: 00142) voluntarily announced on-market share buyback programmes at its Indonesian listed subsidiaries.

The announcement stated that PT Indofood Sukses Makmur Tbk ("Indofood"), a subsidiary in which the company holds about 50.1%, together with its two IDX-listed subsidiaries PT Indofood CBP Sukses Makmur Tbk and PT Perusahaan Perkebunan London Sumatra Indonesia Tbk, each independently announced an on-market buyback programme on 23 October 2026, running from 26 October to 31 December 2026, with a maximum purchase amount of IDR 750 billion (about USD 41.3 million or HKD 321.9 million) each.

Each buyback is an independent capital management initiative decided at board level and fully funded by the respective entity's own resources. Shares bought back will be held as treasury shares without voting rights or dividend entitlements, reducing the shares in public hands and increasing the company's effective equity interest in these entities without any active acquisition.

FIRST PACIFIC 00142.HK Share Buyback