, MONDE’s CEO, and the rest of MONDE’s controlling shareholders, to offer a one-time cash “top-up” to reduce the net cumulative impairment of , MONDE’s wholly-owned subsidiary that holds MONDE’s struggling alternative meat business. The commitment will begin for any impairment starting in FY23, and carry through for 10 years for any impairments through FY32, with that one-time payment coming on or before June 30, 2033.
MONDE has already taken a P20 billion impairment on Quorn in 2022.
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Unprecedented family financial support for Monde's meat alternative businessMonde Nissin announced a bizarre and remarkable commitment from Henry Soesanto, MONDE’s CEO, and the rest of MONDE’s controlling shareholders, to offer a one-time cash “top-up” to reduce the net cumulative impairment of Monde Nissin Singapore Pte. Ltd., MONDE’s wholly-owned subsidiary that holds MONDE’s struggling alternative meat business.
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