Philstar
Del Monte suspended for reporting failures
The Philippine Stock Exchange (PSE) has suspended trading of Del Monte Pacific Ltd. (DMPL) shares due to non-compliance with reporting requirements.
DMPL failed to submit its annual report for the fiscal year ending April 30, 2025, by the September 16 deadline.
The company had previously stated it would file the report by September 15, 2025, citing consolidation issues with its U.S. subsidiary, Del Monte Foods Holdings Ltd., which has filed for bankruptcy.
The PSE halted trading of DMPL, which trades under the ticker DELM, starting Tuesday morning.
Trading will remain suspended until DMPL submits the required annual report.
If the suspension lasts for three months, the PSE may initiate involuntary delisting of DMPL shares.
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