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  • By The Financial District

Emperador Gets Conditional Eligibility-To-List From SGX Secondary Listing

Following the disclosures made to the Philippine Stock Exchange on August 17, 2021, and September 16, 2021 (collectively, the “Secondary Listing Application Announcements”), Emperador Inc. (the “Company”) has obtained from the Singapore Exchange Securities Trading Limited (the “SGX-ST”) a conditional eligibility-to-list (“ETL”) for its proposed secondary listing by way of introduction (the “Secondary Listing”) on the Main Board of the SGX.

Photo Insert: The ETL is an affirmation of Emperador’s DNA as a truly global company.

The ETL is not to be taken as an indication of the merits of the Secondary Listing, the Company or its subsidiaries, or the shares of the Company.

Emperador CEO Winston S. Co said, “We would like to express our utmost gratitude to the Singapore Exchange (‘SGX’) for working with us over the past several months to achieve this significant milestone."

"We believe that the ETL is an affirmation of Emperador’s DNA as a truly global company, given our leading positions in brandy and whisky and established footprint in over 100 countries. Furthermore, we believe that our entry into the SGX should pave the way for other Philippine companies with a global reach to list in the SGX, providing greater access to international investors," Co added.

The ETL is subject to fulfillment of certain conditions, including the submission of certain confirmations and undertakings by the Company to the SGX-ST. The receipt of the ETL is one of the requirements which has to be met in order for the Company to proceed with the Secondary Listing. The Secondary Listing is also subject to, inter alia, the prevailing market conditions.

All the news: Business man in suit and tie smiling and reading a newspaper near the financial district.

The Board of Directors of the Company will consider the appropriate time to proceed with the Secondary Listing, having regard to market conditions, investor feedback, and any other relevant factors. The Company will announce material updates in respect of the Secondary Listing in accordance with the relevant regulations.

Accordingly, shareholders and potential investors are advised to exercise caution at all times and seek appropriate professional advice when dealing in the shares and securities of the Company and refrain from taking any action in respect of their investments that may be prejudicial to their interests.

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