Del Monte Pacific completes sale of 4.99% stake in Sundrop Brands for about 18.1 million Singapore dollars

SGX Filings
Jun 05

Del Monte Pacific Limited announced the completion of its disposal of 1,881,073 ordinary shares in Sundrop Brands Limited, representing roughly 4.99% of Sundrop Brands’ issued share capital.

The transaction, executed on Jun, 4 2026 through DMPL India Limited, was carried out via an off-market block transfer to CAG-Tech (Mauritius) Limited at an agreed price of INR715 per share, yielding total proceeds of approximately 18.1 million Singapore dollars (about 14.13 million US dollars).

Net proceeds will be channelled to support working-capital needs and service debt at Del Monte Philippines, Inc., the group’s main operating subsidiary.

The company said no directors or controlling shareholders hold any interest in the transaction beyond what was previously disclosed. The board affirmed responsibility for the accuracy of the disclosed information.

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