Emperador moves closer to SGX listing with conditional eligibility-to-list

Liquor giant Emperador Inc. announced on Wednesday that it is one step closer to listing on the Singapore Exchange (SGX) after obtaining conditional eligibility-to-list (ETL).

The company said the ETL for its secondary listing on the main board of the SGX was approved by the SGX Securities Trading Limited (ST), subject to fulfillment of certain conditions.

The conditions include the submission of confirmations and undertakings of the firm to the SGX-ST, with the secondary listing subject to prevailing market conditions.

Emperador said its board will evaluate the appropriate time to push through the secondary listing, considering market conditions, investor feedback, and other “relevant factors.”

“We would like to express our utmost gratitude to the Singapore Exchange for working with us over the past several months to achieve this significant milestone,” Emperador chief executive officer Winston Co said in a regulatory filing.

The company’s acquisitions and partnerships include global manufacturers across the globe — UK-based Whyte and Mackay Group, Spain's Bodegas Fundador S.L.U, and Domecq Bodega Las Copas SL.

It also carries the brands Emperador Brandy; Emperador Light; Emperador Deluxe Spanish Edition; Emperador Solera Brandy; Andy Player Whisky; The BaR; Smirnoff Mule; Raffa Sparkling; The Dalmore Single Highland Malt Scotch Whisky; Jura Single Malt Scotch Whisky; Tamnavulin Single Malt Scotch Whisky; Fettercairn; Whyte & Mackay Blended Scotch Whisky; Vladivar Vodka; Glayva; John Barr; Cluny; Claymore; Fundador; Terry Centenario; Tres Cepas; and Harveys.

“We believe that the ETL is an affirmation of Emperador’s DNA as a truly global company, given our leading positions in brandy and whisky and established footprint in over 100 countries,” Co said.

“Furthermore, we believe that our entry into the SGX should pave the way for other Philippine companies with a global reach to list in the SGX, providing greater access to international investors,” he added.

The company announced plans for a secondary listing on the main board of the Singapore Exchange in August 2021.

Shares in Emperador closed Wednesday up P3.08 or 21.97% at P17.10 apiece versus Tuesday’s finish of P14.02. —VBL, GMA News