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Del Monte Pacific ( (SG:D03) ) just unveiled an announcement.
Del Monte Pacific Limited has announced the suspension of its trading on the Philippine Stock Exchange due to an audit disclaimer related to its U.S. subsidiary’s assets and liabilities, which are currently classified as discontinued operations. This disclaimer is a result of auditors being unable to obtain sufficient evidence on the recoverable values of these assets due to the ongoing U.S. Chapter 11 process. Despite this, the company has noted that its continuing operations remain unaffected, and it has requested a waiver from the PSE to lift the suspension, emphasizing that the audit disclaimer pertains only to the discontinued U.S. operations.
More about Del Monte Pacific
Del Monte Pacific Limited is a company incorporated in the British Virgin Islands, operating in the food industry. Its primary products and services are related to food production and distribution, with a market focus that includes operations in the United States through its subsidiary, Del Monte Foods Holdings Limited.
Average Trading Volume: 781,680
Technical Sentiment Signal: Sell
Current Market Cap: S$204.1M
Find detailed analytics on D03 stock on TipRanks’ Stock Analysis page.