The Philippine Stock Exchange said in a regulatory filing the trading in its shares will be suspended on Sept. 15 if the company does not comply by Sept. 12.
Del Monte Pacific, whose share price has declined over 12 percent this year, gained 1.16 percent to P3.49 per share on Tuesday.
The warning comes as the company deals with a looming capital deficit following the Chapter 11 filing of its US unit, Del Monte Foods Holdings Ltd.
The bankruptcy puts at risk $579 million in equity and $169 million in receivables, which the company expects to write off.
These write-offs would wipe out DMPL’s equity and push its balance sheet into the red, with current liabilities already exceeding assets by $595 million at the group level.
—Edited by Miguel R. Camus
