BusinessWorld
April 29, 2021 | 12:33 am
DEL MONTE Philippines, Inc. (DMPI) on Wednesday revived its initial public offering (IPO) plan, which aims to raise as much as P44 billion.
In a filing with the Securities and Exchange Commission (SEC), DMPI said it will offer and sell up to 699.33 million secondary common shares, with an over-allotment option of up to 104.899 million common shares.
The shares will have a maximum price of up to P54.80 each, which could make DMPI’s IPO one of the biggest in the Philippines.
DMPI said the offer consists of existing common shares owned by Del Monte Pacific Ltd. (DMPL) subsidiaries Central American Resources, Inc., which will sell up to 15% of its 87% stake in DMPI, and SEA Diner Holdings (S) Pte Ltd., which is offering 10% of its 13% ownership in the company.
Published April 28, 2021, 4:35 PM
Shareholders of Del Monte Philippines, Inc. (DMPI) are planning to raise up to P44 billion through an initial public offering of shares they own that are equivalent to 28.75 percent of the company.
Based on the registration statement filed with the Securities and Exchange Commission,publicly-listed Del Monte Pacific Ltd. (DMPL) owns 87 percent of DMPI through Central American Resources, Inc. (CARI) while SEA Diner Holdings (S) Pte. Ltd. owns the balance of 13 percent.
DMPL and SEA Diner intend to offer up to 15 percent and up to 10 percent of their stake in DMPI, respectively, for a combined offering of up to 25 percent or 699.33 million DMPI shares.
Del Monte Philippines revives listing plan, files for $907m IPO dealstreetasia.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from dealstreetasia.com Daily Mail and Mail on Sunday newspapers.
Juices Market by Product, Distribution Channel, and Geography - Forecast and Analysis 2021-2025
Juices Market: Key Findings
39% of market growth to originate from
Europe during the forecast period.
Based on the product, the
fruit juices segment will offer maximum opportunities for vendors during the forecast period
Juices market is expected to have a
positive impact due to the spread of COVID-19
Juices Market: Growth Drivers
The benefits of cold-pressed juice over traditional juice is one of the prime factors driving the growth of the market. Cold-pressed juices are nutrients that fight toxins, detox the body, and boost immunity and health. Unlike traditional juices, cold-pressed juices are not subjected to heat during preparation. This helps retain most of the vitamins, minerals, and other nutrients. The growing awareness about the health benefits of cold-pressed juices is encouraging beverage manufacturers to offer a wide range of cold-pressed juice products in the ma
Del Monte back in the black on increased product demand inquirer.net - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from inquirer.net Daily Mail and Mail on Sunday newspapers.