Vitarich trading halted
Poultry and animal feeds producer Vitarich Corp (Phillipines) said it has filed a petition before a regional trial court to undergo rehabilitation.
Following Vitarich‘s disclosure, the stock exchange said trading in the shares will be suspended from today, Monday.
Vitarich posted a net loss of P50 million (US$998,722) for the second quarter after booking financing charges of 90.4 million (US$1.8 million), compared to a loss of 38.2 (US$763,023 ) million in the same period last year. The company said it had P3.2 billion (US$63.9 million) in total liabilities at the end of June.
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