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Maynilad Water targets to raise up to $858m in Philippines IPO

Maynilad Water targets to raise up to $858m in Philippines IPO

Manila, Philippines. Photo: David Milmont/unsplash

Hong Kong’s First Pacific said on Monday its Philippine affiliate, Maynilad Water Services, aims to raise up to 49.15 billion pesos ($857.75 million) through an initial public offering.

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