First Pacific Company Limited is a Hong Kong-based investment and management company with operations located in Asia. Its principal business interests include telecommunications, infrastructure, consumer food products, and natural resources. On November 13, 2008, Metro Pacific Investments Corporation (MPIC) announced that it had completed the acquisition of 99.83% interest of First Philippine Infrastructure, Inc. (FPII) from First Philippine Holdings Corporation (FPH) and Benpres Holdings Corporation (Benpres). During the year ended December 31, 2008, the Company acquired a 21% interest in Philex Mining Corporation (Philex) in the Philippines. In July 2008, Indofood Agri Resources Ltd (IndoAgri) completed the subscription of a 60% interest in an integrated sugarcane plantation company, PT Lajuperdana Indah. In December 2008, PT Indofood Sukses Makmur Tbk (Indofood) acquired a 68.6% interest in Indolakto. Indolakto is the dairy products manufacturer in Indonesia.