Del Monte Pacific Suspended From PSE on US Audit Disclaimer

Del Monte Pacificsaid the Philippine Stock Exchange suspended its shares after auditors issued a disclaimer due to uncertainty over its US unit under Chapter 11.

• Consolidated financial statements of the continuing operations are unaffected
  • Co. had already fully impaired its investment and other assets in and relating to Del Monte Foods Holdings, it said
• SGX, where the company’s primary listing is, has a different policy on the suspension matter
• NOTE: Del Monte Group Said to Consider Up to $800 Million Equity Raise
• NOTE: Del Monte Pacific: Will Be Able to Pay, Refinance Liabilities

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