First Pacific Company Limited has had a fairness opinion conducted on a related acquisition

First Pacific Company Limited has had a fairness opinion conducted on a related acquisition by PT Perusahaan Perkebunan London Sumatra Indonesia Tbk.

Based in Indonesia, First Pacific Company Limited is principally engaged in the business of breeding, planting, milling selling of crude palm oil.

PT Perusahaan Perkebunan London Sumatra Indonesia Tbk is an Indonesia-based agribusiness company primarily engaged in oil palm plantation. The scope of its business includes breeding, planting, harvesting, processing and trading oil palm products, rubber, oil palm seeds, cocoa and tea. Its plantation estates and processing facilities are located in several areas in Indonesia, such as Sumatera Utara, Sumatera Selatan, Kalimantan Timur, Sulawesi Island and Java Island. Some of its subsidiaries are PT Multi Agro Kencana Prima, Lonsum Singapore Pte Ltd, PT Tani Musi Persada and PT Sumatra Agri Sejahtera. The company is listed on the Jakarta and Surabaya Stock Exchanges.

Oaklins' team in Hong Kong provided fairness opinion on the acquisition of a substantial stake in First Pacific Company Limited.