The Philippine Stock Exchange (PSE) has lifted the suspension on the trading of the shares of Del Monte Pacific Ltd. (DMPL) after accepting the firm’s explanation that Ernst & Young’s audit disclaimer concerns only its discontinued US business, which will not impact its continuing operations in...
Del Monte Pacific Ltd. (DMPL) is asking the Philippine Stock Exchange (PSE) to lift the suspension of trading of its shares despite the audit disclaimer of Ernst & Young for its annual report. “The audit disclaimer pertains only to discontinued operations of the US [United States] business for FY...
Del Monte Pacific Limited’s external auditor, Ernst & Young LLP of Singapore, has issued a disclaimer of opinion on the group’s financial statements for the fiscal year ending April 2025, primarily due to the valuation of the company’s US assets that are up for sale. “In view of the...
Despite recognizing significant losses from its struggling US division, Del Monte Pacific Limited reported a profit for its latest fiscal year after reclassifying its American operations as discontinued. “Considering the board changes and the voluntary Chapter 11 filing of DMFHL (Del Monte Foods...
Philippine Rating Services Corp. (PhilRatings) stated that it is closely monitoring developments within the Del Monte Group to determine if the recent filing for Chapter 11 Bankruptcy of the US unit will impact the ability of Del Monte Philippines, Inc. (DMPI) to pay its outstanding bonds. On July...
Del Monte Pacific Limited’s US subsidiary, Del Monte Foods Holdings Limited (DMFHL), has filed for Chapter 11 bankruptcy in preparation for the liquidation of its assets, as directed by some of its creditors who recently took control of its board of directors. Last May 5, 2025, DMPL disclosed to...
Campos-led Del Monte Pacific Limited (DMPL) is talking to a potential investor for its US subsidiary, Del Monte Foods Holdings Limited (DMFHL), after deciding to let lenders take control of the unit instead of contributing $45 million for a dispute settlement. This comes after DMPL said its Board...
