“Emperador has grown a lot over the past 10 years and the business has decided that it needs to broaden its base — both its portfolio and geographical footprint,” says Bryan Donaghey, CEO of Whyte & Mackay and Emperador’s head of whisky business, in an interview with The Edge Singapore.
Emperador Inc is riding on a growth high and has decided to seek a dual listing on the Singapore Exchange (SGX). The global whisky and brandy conglomerate, which is headquartered in the Philippines, has started trading its shares on SGX on July 14. As the clock (and gong) struck 9am, shares in Emperador were traded at 44 cents on SGX and PHP17.50 (43 cents) on the Philippine Stock Exchange (PSE). Its shares ended the day at 45 cents on SGX and PHP18.10 on July 14, giving it a market capitalisation of $6.8 billion.
With its primary listing on PSE since December 2011, Emperador, a subsidiary of Alliance Global Group, one of the Philippines’ largest conglomerates, has decided on a secondary listing in Singapore to give its global expansion plans a boost.
