Emperador eyes Singapore Exchange for secondary listing

Emperador Inc. on Wednesday announced plans to push for a secondary listing on the main board of the Singapore Exchange, as approved by its board earlier this week.

Emperador said its board approved the secondary listing on Tuesday, August 17, and has granted authority to the management to deliver all the necessary requirements as soon as possible.

“We believe that SGX, one of the most developed exchanges in Asia, is the appropriate secondary exchange to raise the international profile of Emperador,” chairman and founder Andrew Tan said in an emailed statement.

“We are very excited at the prospect of becoming the first-ever PSE-primary listed company to conduct a secondary listing in the SGX and are optimistic that our secondary listing will serve as a catalyst to enhance the strategic collaboration between the PSE and the SGX,” he added.

Emperador is an integrated bottler and distributor of brandy, Scotch whisky, and other alcoholic beverages and was tagged as the world’s largest brandy producer in the world in 2020 by the International Wines and Spirits Research.

The company owns UK-based Whyte and Mackay Group Limited, Spain-based Bodegas Fundador S.L.U, and Domecq Bodega Las Copas S.L.

“Over the years, Emperador has established itself as a leading global spirits company with established footprint in over 100 countries and leading market positions in brandy and whisky,” Emperador President Winston Co said.

“We believe that a secondary listing on the SGX will create stronger awareness of Emeperador and its world-class brands, as well as increase our stock’s visibility and international investor participation reflective of our global operations and revenue,” he added.

Among Emperador’s brands are Emperador Brandy, Emperador Light, Andy Player Whisky, The BaR, Smirnoff Mule, The Dalmore Single Highland Malt Scotch Whisky, Whyte & Mackay Blended Scotch Whisky, Terry Centenario, Tres Cepas, and Harveys.

Shares in Emperador were trading up P1.74 or 12.27% at P15.92 as of 12:06 p.m. on Wednesday versus Tuesday’s finish of P14.18 apiece.—AOL, GMA News