First Pacific

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Hong Kong financial services company

title: "First Pacific" type: doc version: 1 created: 2026-02-28 author: "Wikipedia contributors" status: active scope: public tags: ["companies-listed-on-the-hong-kong-stock-exchange", "financial-services-companies-established-in-1981", "former-companies-in-the-hang-seng-index", "conglomerate-companies-of-china", "conglomerate-companies-of-hong-kong"] description: "Hong Kong financial services company" topic_path: "geography/china" source: "https://en.wikipedia.org/wiki/First_Pacific" license: "CC BY-SA 4.0" wikipedia_page_id: 0 wikipedia_revision_id: 0

::summary Hong Kong financial services company ::

::data[format=table title="Infobox company"]

FieldValue
nameFirst Pacific Company Limited
第一太平有限公司
logoFirst Pacific logo.svg
typeListed company
traded_as
foundation
founderLiem Sioe Liong
Anthoni Salim
Manuel V. Pangilinan
locationCentral, Hong Kong
key_peopleAnthoni Salim (Chairman)
Manuel V. Pangilinan (Managing Director, CEO)
area_servedHong Kong, Philippines, Indonesia
industryInvestment Management
assetsUS$5.1 billion 2019
::

| name = First Pacific Company Limited 第一太平有限公司 | logo = First Pacific logo.svg | type = Listed company | traded_as = | genre = | foundation = | founder = Liem Sioe Liong Anthoni Salim Manuel V. Pangilinan | location = Central, Hong Kong | origins = | key_people = Anthoni Salim (Chairman) Manuel V. Pangilinan (Managing Director, CEO) | area_served = Hong Kong, Philippines, Indonesia | industry = Investment Management | products = | services = | revenue = | operating_income = | net_income = | assets = US$5.1 billion 2019 | num_employees = | parent = | divisions = | subsid = | slogan =

First Pacific Company Limited () is a Hong Kong–based investment management and holding company with operations located in Asia. It involves telecommunications, consumer food products and infrastructure.

History

In 1981, Indonesian renowned businessman Sudono Salim, Anthoni along with Filipino businessman Manuel Velez Pangilinan jointly co-founded First Pacific as a financial service company based in Hong Kong. Initially, the company started with HK$ 7 million (US$ 0.9 million) with 6 staffs and a small office in Central, Hong Kong and was named Overseas Union Finance Limited.

In 1982, Overseas Union Finance Limited acquired Hibernia Bank, a San Francisco based bank that were owned for 3 years until it was sold to Security Pacific Bank later in 1985 and at the same year also underwent identity change and the name First Pacific was started to be used. First Pacific also controlled interest in German based Hagemeyer. In 1987, First Pacific expanded its banking investment by taking over Hong Nin Savings Bank from the British authorities which would later be merged with Far East Bank to form First Pacific Bank. In 1989, First Pacific started to acquire Indonesian pharmaceutical company Darya-Varia to extend Salim Group portfolio in pharmaceutical sector. In 1996, First Pacific become constituent in the Hang Seng Index after their success in telecommunication expansion.

In the beginning of 1997 Asian financial crisis, First Pacific begin to restructure its organization. Tech Pacific become its first asset to be sold during crisis with Hagemeyer taking over the control of the company in 1997. In 1998, First Pacific acquired Filipino telecommunication company PLDT and Salim owned food production company in Indonesia, Indofood while losing First Pacific Bank and Darya-Varia in early 2000s as the effect of the financial crisis.

Businesses

Indonesia:

Philippines:

Malaysia:

Singapore:

Former businesses

References

References

  1. (16 September 2025). "Who Owns First Pacific Company". pestel-analysis.com.
  2. "MVP: THE SAVVY INVESTOR". biznewsasia.com.
  3. "MVP: Nation-builder". [[PhilStar]].
  4. (4 June 2011). "Softer side of MVP, PH's richest eligible bachelor". inquirer.net.
  5. [https://www.firstpacific.com/wp-content/uploads/2019/12/FPC-IR-handout-2020-03-24.pdf First Pacific FY 2019 Results Presentation] retrieved May 3, 2013
  6. "irasia.com - First Pacific Company Limited".
  7. "MVP: THE SAVVY INVESTOR". biznewsasia.com.
  8. "MVP: Nation-builder". [[PhilStar]].
  9. (4 June 2011). "Softer side of MVP, PH's richest eligible bachelor". inquirer.net.
  10. [https://books.google.co.id/books?newbks=1&newbks_redir=0&hl=id&id=5dnsAAAAMAAJ&dq=PT+Darya+Varia+kalona&focus=searchwithinvolume&q=Kalona Informasi, Volume 15,Masalah 179-182]
  11. [https://books.google.co.id/books?id=-A_MKbt9QIgC&pg=PA177&dq=PT+Darya+Varia+salim&hl=id&newbks=1&newbks_redir=0&sa=X&ved=2ahUKEwi4lb25leL3AhW4TGwGHSjlAkcQ6AF6BAgEEAI#v=onepage&q=PT%20Darya%20Varia%20salim&f=false The Rhythm of Strategy: A Corporate Biography of the Salim Group of Indonesia]
  12. [https://books.google.co.id/books?id=SjmEAgAAQBAJ&pg=PA92&dq=PT+Darya+Varia+salim&hl=id&newbks=1&newbks_redir=0&sa=X&ved=2ahUKEwi4lb25leL3AhW4TGwGHSjlAkcQ6AF6BAgDEAI#v=onepage&q=PT%20Darya%20Varia%20salim&f=false Law, Capitalism and Power in Asia: The Rule of Law and Legal Institutions]
  13. "History". PLDT.

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companies-listed-on-the-hong-kong-stock-exchangefinancial-services-companies-established-in-1981former-companies-in-the-hang-seng-indexconglomerate-companies-of-chinaconglomerate-companies-of-hong-kong