Emperador, Inc. on Thursday started trading on the Singapore stock exchange after holding its secondary listing in the global financial hub to mark the Filipino spirits company’s move to boost its international presence. READ:
“This moment is truly a milestone for Emperador,” Andrew L. Tan, the company’s chairman, told reporters after the listing, adding that the move “reinforced the globalization” of the Philippine-listed firm.
“We’d see that move up to more like 50% as we grew the international business,” he said, adding that the source of foreign sales is “widespread.” He said the target is expected to be reached by 2025. Emperador’s portfolio includes best-selling Spanish brandies Fundador, Terry Centenario, Presidente and Emperador. Its single malt whisky brands include The Dalmore, Jura, Fettercairn, and Tamnavulin.
“We’re already in China, we’re already in the US, it’s about growing the business that we’ve got there,” he said. “Our Asia-Pacific business has increased over tenfold over the last five or six years. A lot of that is in China.” “We hope that it also opens the doors for any other companies to also do the same thing. The Singapore stock exchange is truly a global exchange. It’s a very diversified exchange,” he said.
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