Emperador is majority-owned by Filipino tycoon Andrew Tan’s Alliance Global Group and is the world’s leading brandy seller by volume. The company was first listed on the Philippines stock exchange in 2013 and had a secondary listing on the Singapore Exchange in 2022.
In a bourse filing on Dec 26, Emperador Inc has announced that the Philippines’ Government Service Insurance System (GSIS) has acquired 131,300,000 shares in the company over the past 60 days. As a result, the GSIS has become a substantial shareholder and now holds a total of 823,196,500 shares, or 5.23% of the outstanding common shares in the company.
The GSIS provides social security coverage to employees in the Filipino public sector. The president and general manager of the GSIS, Jose Arnulfo A. Veloso, was president and CEO of Philippines National Bank from 2018 to 2022.
