In response to the worst economic performance in decades for many Asian countries, in 1998 and 1999 First Pacific Company Limited refocused its activities on fewer, larger companies in the Asian markets in which it had the most experience. The restructuring program had operated under the objective of maintaining strength in the company's balance sheet and maintaining strong flows in income. This case is the second part of the First Pacific case series, and it can be used to evaluate the restructuring undertaken by First Pacific in response to the crisis as outlined in First Pacific (A): Responding to the Asian Crisis (9A99M033). The third case in the series is First Pacific (C): The Indofood Acquisition (9A99M035).
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