Del Monte PH delays stock offering

By Faye Almazan

Aug 05, 2021 1:11 am

Del Monte Pacific Ltd. on Wednesday announced that it will be delaying the initial public offering (IPO) of its subsidiary, Del Monte Philippines Inc. (DMPI), citing volatile market conditions.

In a disclosure to the exchange, the food manufacturer said its board decided to delay the listing on the Philippine Stock Exchange (PSE) due to adverse market conditions as coronavirus disease 2019 (Covid-19) cases rise.

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