A household SG canned food up lorry?
Del Monte Foods, owned by Singapore-listed Del Monte Pacific, files for bankruptcy in US
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Shares of parent company Del Monte Pacific in Singapore closed at 6.1 cents, down 4.7 per cent, on July 2.
PHOTO: REUTERS
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Singapore companies
Published Jul 02, 2025, 04:37 PM
Updated Jul 03, 2025, 05:25 PM
NEW YORK – Canned fruit company Del Monte Foods is pursuing a sale as it filed for bankruptcy in the US, less than a year after executing a controversial debt restructuring.
The firm – which is owned by Singapore-listed Del Monte Pacific – entered a restructuring support agreement with lenders and started voluntary Chapter 11 proceedings to implement its terms, it said on July 1.
The Singapore shares of Del Monte Pacific fell as much as 9.4 per cent to 5.8 cents, after a trading halt was lifted on July 2, before closing down 4.7 per cent at 6.1 cents.