Del Monte Pacific (D03) said the U.S. Bankruptcy Court for the District of New Jersey approved a settlement and the sale of almost all operating assets of the debtor entities on Feb, 20 2026.

The court orders, issued under Rule 9019 and Section 363 of the U.S. Bankruptcy Code, mark key milestones in the company’s ongoing Chapter 11 proceedings. The settlement will be implemented through a proposed Chapter 11 plan that is still subject to court confirmation and customary conditions.

Del Monte Pacific reiterated that it had already booked a full impairment of related current and long-term assets amounting to about 950 million Singapore dollars for the financial year ended Apr, 30 2025, leading to a complete write-down of its investment in the affected entities. As a result, the company does not expect any recovery on its equity interests.

The debtor entities were deconsolidated from Del Monte Pacific’s financial statements effective May, 1 2025. The group said it will continue to monitor the Chapter 11 process and provide further updates in line with Singapore Exchange requirements.