FOOD and beverage company Del Monte Pacific on Thursday said it has sold a 12 per cent stake in its indirect wholly-owned subsidiary Del Monte Philippines, Inc (DMPI) for US$120 million. 

THE following companies saw new developments that may affect trading of their securities on Thursday.

DEL Monte Pacific's subsidiary has raised total financing of US$1.3 billion through a mix of equity and loans, with the bulk of the funds to go towards refinancing the subsidiary's existing loan facilities of approximately US$1.1 billion.

FOOD and beverage company Del Monte Pacific on Monday said it is expecting "some favourable impact" on sales in the US and the Philippines, which is expected to offset the decline in sales in North Asia amid the global Covid-19 pandemic.

DEL Monte Pacific more than doubled its net profit to US$6.7 million for the third quarter ended Jan 31, 2020, from US$2.6 million a year ago.

THE following companies saw new developments that may affect trading of their securities on Tuesday.

SINGAPORE (Dec 9): Del Monte Pacific (DMPL), the Singapore- and Philippine-listed food and beverage company, reversed into the red in the second quarter due to one-off expenses. In 2QFY2020 ended ended October, DMPL reported a loss of US$37.4 million ($50.9 million). This compared to a profit of US...

THE following companies saw new developments that may affect trading of their securities on Monday:

MAINBOARD-LISTED food and beverage company Del Monte Pacific - which is known for its sauces, juices and tinned fruits - posted a net loss for the second quarter, in line with an earlier guidance.

MAINBOARD-LISTED food and beverage company Del Monte Pacific, which is known for its sauces, juices and tinned fruits, posted a net loss for the second quarter to Oct 31, as it had warned.