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Published July 8, 2021, 8:00 AM
Emperador Inc., the Philippines’ biggest liquor company, is exploring a second listing in Singapore that could raise as much as S$1 billion ($742 million), people with knowledge of the matter said.
The Manila-listed company is working with advisers on the potential offering, said the people, who asked not to be identified as the process is private. A listing in the city-state could take place as soon as the end of this year, the people said.
Emperador could be joining companies like Malaysia’s Top Glove Corp., Hongkong Land Holdings Ltd. and Japanese real estate firm Tosei Corp. in having a second listing in Singapore. Any deal would give a boost to the first-time share sales in the city-state, which hosted only three deals totaling $242 million so far this year, according to data compiled by Bloomberg. Second listings accounted for about 27% of total market capitalization in the country’s bourse in May, Singapore Exchange Ltd. data show.
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Ishika Mookerjee, Vinicy Chan and Elffie Chew, Bloomberg News A man buys bottles of Emperador brandy at a village convenience store in suburban Manila on October 11, 2015. Photographer: Jay Directo/AFP/Getty Images , Photographer: JAY DIRECTO/AFP
(Bloomberg) Emperador Inc., the Philippinesâ biggest liquor company, is exploring a second listing in Singapore that could raise as much as S$1 billion ($742 million), people with knowledge of the matter said.
The Manila-listed company is working with advisers on the potential offering, said the people, who asked not to be identified as the process is private. A listing in the city-state could take place as soon as the end of this year, the people said.
Malaysia
Manila
Philippines
Japan
United-states
Singapore
Japanese
America
Malaysia-top-glove-corp
Bloomberg
Hongkong-land-holdings-ltd