“This welcome development comes at a time when Emperador shares have seen greater demand as a result of its dual listing on the Singapore Exchange (SGX),” says the group in its statement.
Emperador, on July 2021, first announced that it was mulling the possibility of a second listing in Singapore. The group was already listed on the Philippine Stock Exchange.
The group’s secondary listing on the SGX happened on July 14, where it opened at 43.5 cents.
The group displaced transport operator ComfortDelGro (CDG) as a constituent on the SGX’s benchmark Straits Times Index (STI) on Sept 1.
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As at 2.51pm, shares in Emperador are trading 0.5 cent higher or 1.02% up at 49.5 cents.
