Emperador Inc. is planning a secondary listing by way of introduction on the Main Board of the Singapore Exchange.
In a disclosure to the Philippine Stock Exchange, the firm said its Board of Directors has granted authority to the management to deliver all the necessary requirements for a Secondary Listing on the SGX as soon as practicable.
The Company will continue to maintain its primary listing in the PSE and the stock is anticipated to trade in both exchanges concurrently, subject to obtaining the necessary regulatory approvals.
“We believe that SGX, one of the most developed exchanges in Asia, is the appropriate secondary exchange to raise the international profile of Emperador,” said Emperador Chairman and Founder Dr. Andrew L. Tan.
He added that, “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.”
“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,” said Emperador President Winston S. Co.
He noted that, “We believe that a Secondary Listing on the SGX will create stronger awareness of Emperador and its world-class brands, as well as increase our stock’s visibility and international investor participation reflective of our global operations and revenue.” The Company has appointed financial, legal and other necessary advisers to pursue the Secondary Listing.
Emperador is an integrated, global, leading manufacturer, bottler and distributor of brandy, Scotch whisky and other alcoholic beverages.
In 2020, the Company was the largest brandy producer in the world according to the International Wines and Spirits Research, one of the largest overall spirits producers in the Philippines according to the Nielsen Company.
It was also the fifth largest Scotch whisky manufacturer in the world based on total Scotch production capacity in 2020 (grain and malt liquids productions only) according to the Scotch Whisky Industry Review.
As of 2020, Emperador the Company’s brandy products held an 86.5 percent market share among all local and imported brandies in the Philippines based on volume according to Nielsen Company.
Emperador Inc. owns the multi-awarded Fundador Spanish Brandy de Jerez, having recently won the highest Platinum Award bestowed by the San Francisco World Spirits Competition, particularly for Fundador Supremo 18.
It also owns Whyte & Mackay, the world’s fifth largest Scotch whisky producer, which was recently recognized as ‘Distiller of the Year’ at the Icons of Whisky Scotland 2021.
Emperador brandy and whisky products are available in more than 100 countries.