Emperador could be joining companies like Malaysia’s Top Glove Corp, Hongkong Land Holdings 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 US$242 million ($325.6 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 data show.
Emperador, the Philippines’ biggest liquor company, is exploring a second listing in Singapore that could raise as much as $1 billion, 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.
