The world’s biggest brandy producer, Emperador Inc. of ultra bilyonaryo Andrew Tan, is set to make its debut on the Singapore Stock Exchange on Thursday.
Andrew Tan’s Emperador mandates banks for SGX listing
Emperador, which owns whisky maker Fundador and Whyte and Mackay, said it expects to satisfy all the conditions set out in the eligibility-to-list letter from the Singapore Exchange Securities Trading Limited (SGX-ST), which will the pave the way for its listing under the stock code “EMI” on July 14.
These conditions include the release of an SGXNET announcement disclosing the latest share price of the company on the PSE and the Singapore dollar equivalent prior to the company’s listing on SGX-ST.
“The secondary listing of Emperador on the SGX is a key milestone in the development of our business as a leading international brandy and whisky company, reflecting our global reach and the strength of our world-class portfolio of brands,” said Emperador Group president Winston Co.
Kevin Tan, Emperador brand ambassador Daniel Padilla hang out at brandy museum
Co said the listing would “expand opportunities for participation by investors in Singapore and beyond” as the company pursues its aggressive expansion overseas.
UBS AG Singapore branch and JP Morgan (S.E.A) Limited are the joint managers for the secondary listing.
Emperador’s market-leading products are distributed in over 100 countries.