Philippine liquor giant Emperador dual-lists in Singapore to push global recognition
Philippine liquor company Emperador, the world’s largest brandy maker, conducted a secondary listing on the Singapore stock exchange on July 14 as it seeks to ramp up international expansion.
The company opted for a secondary listing by way of introduction, joining a number of Asian companies that chose the same mechanism to list in Hong Kong and Singapore earlier this year.
Such listings, which do not involve selling new shares, tend to be quicker and cheaper than a traditional share sale.
Thus, Emperador did not raise fresh capital from the secondary listing. The company rather seeks to boost its international presence and recognition by trading its shares in Singapore with an eye to boosting whisky and brandy sales in China and the US.
Part of Alliance Global Group of Andrew Tan
Emperador is the largest liquor company in the Philippines and part of Filipino business tycoon Andrew Tan’s Alliance Global Group, which also owns real estate developer Megaworld, the Resorts World Manila casino and the Philippine operations of McDonald’s. Andrew Tan in Emperador’s founder and chairman.
“We want to conquer the world of single malt whisky and Spanish brandy,” Kevin Tan, director of Emperador and eldest son of the company’s founder, said.
He noted that the company does not need to raise money at the moment as it has a strong balance sheet that is sufficient to fund growth, adding that there were no plans to sell new shares for now. Emperador will maintain its primary listing on the Philippine bourse.
Becoming an international brand
Analysts believe that the secondary listing in Singapore will boost the stock’s appeal to international investors.
“There might be a better appreciation of its international whisky business there,” April Lee-Tan, chief equity strategist of Philippine brokerage COL Financial, said.
Founded in 1979, Emperador was Andrew Tan’s first business before venturing into real estate. In the past decade, the company has grown to become the Philippines’ biggest liquor manufacturer with the acquisition of Whyte & Mackay, the world’s fifth largest Scotch whisky producer by volume, in 2014 and Spain’s Bodegas Fundador, the world’s largest brandy maker at that time, in the following year.
Other popular brands apart from the company’s home brand Emperador brandy are Andy Player Whisky, Smirnoff Mule, Dalmore, Fettercairn, Jura, Tamnavulin, Terry Centenario, Tres Cepas and Harveys.
Philippine liquor company Emperador, the world’s largest brandy maker, conducted a secondary listing on the Singapore stock exchange on July 14 as it seeks to ramp up international expansion. The company opted for a secondary listing by way of introduction, joining a number of Asian companies that chose the same mechanism to list in Hong Kong and Singapore earlier this year. Such listings, which do not involve selling new shares, tend to be quicker and cheaper than a traditional share sale. Thus, Emperador did not raise fresh capital from the secondary listing. The company rather seeks to boost its international...
Philippine liquor company Emperador, the world’s largest brandy maker, conducted a secondary listing on the Singapore stock exchange on July 14 as it seeks to ramp up international expansion.
The company opted for a secondary listing by way of introduction, joining a number of Asian companies that chose the same mechanism to list in Hong Kong and Singapore earlier this year.
Such listings, which do not involve selling new shares, tend to be quicker and cheaper than a traditional share sale.
Thus, Emperador did not raise fresh capital from the secondary listing. The company rather seeks to boost its international presence and recognition by trading its shares in Singapore with an eye to boosting whisky and brandy sales in China and the US.
Part of Alliance Global Group of Andrew Tan
Emperador is the largest liquor company in the Philippines and part of Filipino business tycoon Andrew Tan’s Alliance Global Group, which also owns real estate developer Megaworld, the Resorts World Manila casino and the Philippine operations of McDonald’s. Andrew Tan in Emperador’s founder and chairman.
“We want to conquer the world of single malt whisky and Spanish brandy,” Kevin Tan, director of Emperador and eldest son of the company’s founder, said.
He noted that the company does not need to raise money at the moment as it has a strong balance sheet that is sufficient to fund growth, adding that there were no plans to sell new shares for now. Emperador will maintain its primary listing on the Philippine bourse.
Becoming an international brand
Analysts believe that the secondary listing in Singapore will boost the stock’s appeal to international investors.
“There might be a better appreciation of its international whisky business there,” April Lee-Tan, chief equity strategist of Philippine brokerage COL Financial, said.
Founded in 1979, Emperador was Andrew Tan’s first business before venturing into real estate. In the past decade, the company has grown to become the Philippines’ biggest liquor manufacturer with the acquisition of Whyte & Mackay, the world’s fifth largest Scotch whisky producer by volume, in 2014 and Spain’s Bodegas Fundador, the world’s largest brandy maker at that time, in the following year.
Other popular brands apart from the company’s home brand Emperador brandy are Andy Player Whisky, Smirnoff Mule, Dalmore, Fettercairn, Jura, Tamnavulin, Terry Centenario, Tres Cepas and Harveys.
