News Formal

Del Monte PH delays IPO amid market volatility due to COVID-19 surge

  • 📰 CNN Philippines
  • ⏱ Reading Time:
  • 14 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 9%
  • Publisher: 63%

Malaysia News News

Malaysia Malaysia Latest News,Malaysia Malaysia Headlines

Parent firm Del Monte Pacific Limited cited 'increased market volatility' in recent weeks due to a spike in coronavirus infections in the Philippines and the region.

territory after the capital region returned to stricter quarantine measures due to the variant’s threat.and Philippine Stock Exchange for its initial public offering, which aims to raise as much as ₱44 billion.to go public. It previously buckled up for an IPO in 2018, but didn’t push through due to then-volatile market conditions.

“The Board remains committed to listing DMPI and continues to believe strongly in the growth and resilience of its business,” Del Monte Pacific Ltd.said, adding it will continue talks with potential investors and strategic partners interested in the offering.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 13. in MY
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Market volatility delays Del Monte's P44-billion IPOThe massive P44-billion initial public offering (IPO) of processed food maker Del Monte Philippines, Incorporated (DMPI) will be delayed, as areas in the Philippines return to lockdown.
Source: rapplerdotcom - 🏆 4. / 86 Read more »