Del Monte mulls over $600-M share offer

MANILA, Philippines — Del Monte Pacific Ltd. (DMPL) is planning to raise up to $600 million through the issuance of new shares in its Philippine business.

The move aims to address a shortage of capital related to the company’s loss-making American unit.

In a regulatory filing on Tuesday, the Campos-led company announced that it is considering an equity raise through a private placement.
https://business.inquirer.net/551328/del-monte-mulls-over-600-m-share-offer