First Pacific Company Limited has announced a voluntary update regarding the proposed spin-off and separate listing of its Philippine affiliate, Maynilad Water Services, Inc., on the Philippine Stock Exchange. The company is currently in the process of obtaining the necessary regulatory approvals, including the issuance of the SEC Order of Registration and Certificate of Permit to Offer Securities for Sale. As of now, Maynilad continues to coordinate with regulators and remains on track to meet all requirements for the listing. The target listing date on the Main Board of the Philippine Stock Exchange is anticipated to be by the end of October 2025, and the company will trade under the symbol "MYNLD." This update follows a submission of an updated timetable to the Securities and Exchange Commission of the Philippines and the Philippine Stock Exchange, in response to potential demand from strategic cornerstone investors.
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