THE Board of Directors of Emperador Inc., on Aug. 17, 2021, has approved the company’s pursuit of a Secondary Listing by Way of Introduction on the Main Board of the Singapore Exchange.
The company’s Board of Directors has granted authority to the company’s 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 Philippine Stock Exchange and the stock is anticipated to trade in both exchanges concurrently, subject to obtaining the necessary regulatory approvals.
According to Emperador chairman and founder Andrew Tan, the firm believes that SGX is the appropriate secondary exchange to raise the international profile of Emperador.
The firm, he noted, is “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.” (PR)