Emperador Inc. considers a dual listing in Singapore

Emperador Inc. has confirmed reports that it is considering listing in Singapore.

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

“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,” it said.

Emperador, which makes Emperador Brandy, Fundador Spanish Brandy de Jerez, and Tres Cepas said its strong operating and financial performance has been noticed by global institutional investors focused in the spirits segment.

The company’s said its earnings last year grew 18% to ₱8 billion, citing the pandemic as a driving force in its sales.

Previously, it disclosed that its first-quarter net income was up 43% at ₱2.1 billion due to a strong international performance.

“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,” it said.

In May, the company also said it was raising its capital expenditures by 50% to “accelerate global expansion.”

SOURCE: ABS-CBN