The world’s largest brandy producer, Emperador Inc. of ultra bilyonaryo Andrew Tan, made a positive debut on the Singapore Exchange (SGX) on Thursday, marking the next stage in its commitment to drive international growth.
Shares of Emperador hit a high of S$0.445 each, after opening at S$0.435.
Andrew Tan’s Emperador is all set to list on Singapore bourse on July 14
Emperador’s secondary listing on the SGX is a first for a Philippine Stock Exchange-listed company and part of the company’s push to scale up and spur faster growth.
In an interview with reporters in Singapore, Emperador executive director Kevin Tan said the company is back on the acquisition trail to further expand its portfolio.
Andrew Tan’s Emperador mandates banks for SGX listing
“We do have our eyes set already on certain things. Obviously, Asia..China is a very big market for us. And of course, we know we do want to complete our portfolios of other categories,” the younger Tan said.
Bryan Donaghey, head of Whisky business of Emperador and CEO of Whyte & Mackay, said the group’s global business continues to deliver sustained growth an mare expected to make up 50 percent of total sales by 2025.
Andrew Tan meets with SGX officials after Emperador gets conditional listing approval
Emperador’s portfolio includes some of the world’ best-selling Spanish brandies including Fundador, Terry Centenario, Presidente and Emperador, and some of the most iconic single malt whisky brands including The Dalmore, Jura, Fettercairn, and Tamnavulin.
Its fast-growing international business has been spearheaded by the Scotch whisky segment following the successful integration of Whyte & Mackay since its acquisition in 2014.
8⁷Founded in 1979, Emperador is the largest spirits producer in the Philippines.
Emperador’s brands are distributed in more than 100 countries, with production and distribution businesses in the Philippines, Spain, Scotland and Mexico.
The liquor firm also has a presence Greater China, UK, US, Germany and France.