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Emperador confirms mulling listing in Singapore

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ABS-CBN News

<p>MANILA - Emperador Inc on Thursday confirmed reports that it is considering listing in Singapore. </p><p>The liquor unit of billionaire Andrew Tan&#x27;s business empire disclosed to the local stock exchange that its management &quot;is evaluating a dual listing in Singapore.&quot; </p><p>&quot;Emperador Inc. has leveraged its strong market position in the Philippines to establish a global brands portfolio of brandy and whisky that are available in over 100 countries,&quot; the company said. </p><p>Emperador, which makes the Emperador Brandy, Fundador Spanish Brandy de Jerez, and Tres Cepas said its strong operating and financial performance delivered &quot;has been noticed by global institutional investors focused in the spirits segment.&quot;</p><p>The company&#x27;s said its <a href="https://news.abs-cbn.com/business/03/11/21/emperador-says-earnings-grew-in-2020-despite-pandemic-impact">earnings</a> last year grew 18 percent to P8 billion, as the pandemic pushed sales higher.</p><p>Earlier, it also disclosed that its first quarter net income was up 43 percent at P2.1 billion on strong international performance. </p><ul class="op-related-articles">	<li><a href="https://news.abs-cbn.com/business/04/12/21/emperador-brand-retain-market-dominance">Emperador says brands retain &#x27;market dominance&#x27; in several countries</a></li></ul><p>&quot;Emperador Inc. is on the constant lookout to grow its global presence and a secondary listing in Singapore could be an excellent opportunity to raise the profile of an international company headquartered in the Philippines,&quot; the company said. </p><p>In May, the company also said it was raising its capital expenditures by 50 percent to &quot;accelerate global expansion.&quot;</p><div><strong>FROM THE ARCHIVES</strong></div><figure class="op-interactive"><iframe allow="autoplay; fullscreen" frameBorder="0" height="100%" id="ivsplayer01" scrolling="no" src="https://player.ivideosmart.com/ivsplayer/v4/dist/html/iframe-src.html?iframeid=ivsplayer01&amp;key=e8c22c015ca9eafa76f1e3edfa03c603&amp;spid=3001339&amp;vid=1490959" width="100%"></iframe></figure><div class="iwantbar">Watch more in <a href="//www.iwantv.com.ph/">iWantv</a> or <a href="//tfc.tv/">TFC.tv</a></div>

<p>The liquor unit of billionaire Andrew Tan's business empire disclosed to the local stock exchange that its management "is evaluating a dual listing in Singapore." </p>

The liquor unit of billionaire Andrew Tan's business empire disclosed to the local stock exchange that its management "is evaluating a dual listing in Singapore."