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The latest announcement is out from Del Monte Pacific ( (SG:D03) ).
Del Monte Foods Holdings Limited, a U.S. subsidiary of Del Monte Pacific Limited, has filed for Chapter 11 restructuring as part of a strategic plan to maximize value. The restructuring involves a sale of its assets and access to $912.5 million in debtor-in-possession financing to continue operations, aiming to address existing liabilities while halting creditor debt collection efforts.
More about Del Monte Pacific
Del Monte Pacific Limited is a company incorporated in the British Virgin Islands, primarily involved in the food industry. Its U.S. subsidiary, Del Monte Foods Holdings Limited, focuses on producing and distributing food products.
Average Trading Volume: 188,636
Technical Sentiment Signal: Sell
Current Market Cap: S$124.4M
Find detailed analytics on D03 stock on TipRanks’ Stock Analysis page.