Market volatility delays Del Monte's P44-billion IPO

  • 📰 rapplerdotcom
  • ⏱ Reading Time:
  • 40 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 19%
  • Publisher: 86%

المملكة العربية السعودية أخبار أخبار

المملكة العربية السعودية أحدث الأخبار,المملكة العربية السعودية عناوين

The 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.

of processed food maker Del Monte Philippines, Incorporated will be delayed, as areas in the Philippines return to lockdown.

In a regulatory filing, listed Del Monte Pacific Limited said that the board of directors decided to delay subsidiary DMPI's IPO"in light of increased market volatility." "Amidst a surge of COVID-19 cases in the Philippines and in the region, the PSE has been highly volatile in recent weeks, and the board believes that it is in the best interests of the company, its shareholders, and potential investors to defer the listing until conditions improve," Del Monte Pacific said.

"The board remains committed to listing DMPI and continues to believe strongly in the growth and resilience of its business," it added. DMPI was supposed to conduct its IPO beginning August 9, while the PSE debut should have been on August 23. DMPI got the

 

شكرًا لك على تعليقك. سيتم نشر تعليقك بعد مراجعته.
لقد قمنا بتلخيص هذا الخبر حتى تتمكن من قراءته بسرعة. إذا كنت مهتمًا بالأخبار، يمكنك قراءة النص الكامل هنا. اقرأ أكثر:

 /  🏆 4. in SA

المملكة العربية السعودية أحدث الأخبار, المملكة العربية السعودية عناوين

Similar News:يمكنك أيضًا قراءة قصص إخبارية مشابهة لهذه التي قمنا بجمعها من مصادر إخبارية أخرى.

COL Financial: Don’t abandon PH stock market just yetThe government’s poor response to the COVID-19 crisis weighed on the stock market as of end-July, culminating in the shock announcement of another hard lockdown in Metro Manila that spooked investors and triggered another selloff.
مصدر: inquirerdotnet - 🏆 3. / 86 اقرأ أكثر »