Philippines’ Emperador lists on SGX main board
It aims to generate 50% of its sales from outside the Philippines by 2025.
Philippine-based liquor company Emperador Inc. has been listed on the main board of the Singapore Exchange (SGX), a step towards its plans to pursue growth internationally.
Emperador is the first Philippine Stock Exchange-primarily listed firm to hold a secondary listing on SGX.
Following the listing, Bryan Donaghey, head of Whisky Business of Emperador Inc. and CEO of Whyte and Mackay, said they aim to deliver sustained growth and generate 50% of sales from outside the Philippines by 2025.
“This secondary listing leverages Singapore’s position as a global financial hub and will ensure we are well-positioned to broaden our access to the international investment community in the future,” he said in a statement.
Pol de Win, senior managing director and head of Global Sales & Origination at SGX Group, welcomed the listing of the Philippine-based firm, adding that SGX’s international platform “provides an excellent springboard for Emperador to further raise its profile and capture new growth opportunities.”
Emperador has a presence in the UK, Spain, Mexico and the Philippines and has an established footprint in over 100 countries.