Bilyonaryo - Business

Andrew Tan’s Emperador mandates banks for SGX listing

Global liquor maker Emperador Inc. of ultra bilyonaryo Andrew Tan has mandated investment banks for its planned dual listing on the Singapore Exchange (SGX).

This after the company’s board approved the issuance of the introductory document to pursue a secondary listing by way of introduction on the main board of the Singapore Exchange Securities Trading Ltd.

Emperador said the board approval brings the company closer to its vision to be recognized as a truly global company.

“The SGX is an ideal venue for Emperador’s secondary listing as it provides the company with greater access to the international investor community. We look forward to the listing of our stock in one of Asia’s premier exchanges. That being said, we will of course retain our primary listing with the PSE, our home exchange,” said company CEO Winston S. Co.

“Investment banks have been mandated to explore ways to introduce liquidity to the SGX listing, subject to market conditions and satisfaction of other requirements,” Emperador said.

Last April, Emperador obtained conditional listing eligibility on the Singapore Exchange, one of the requirements before it could proceed with its listing on SGX.