Andrew Tan takes Spanish property firm public

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Andrew Tan takes Spanish property firm public
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Billionaire Andrew Tan will list his $1-billion property company in Spain next week, further raising his international profile after completing the dual listing of Philippines-based liquor giant Emperador Inc. in Singapore last July. | miguelrcamusINQ

“Additionally, the company aims to provide a liquidity mechanism for shareholders, and to facilitate a new system for objective valuation of shares, increasing both the company’s visibility and transparency compared to third parties,” it added.

It operates as the Spanish equivalent of a real estate investment trust , whose assets are geared toward recurring revenues. “We are looking forward to seeing how Emperador Properties evolves in this new stage. Our commitments to our employees, tenants, and partners remain as present as always in our day-to-day life,” Joan Cortés Vilardell, CEO of Emperador Properties, said in the statement.

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