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Philippine liquor giant Emperador closes higher after SGX secondary listing

Raphael Lim

Raphael Lim

Published Thu, Jul 14, 2022 · 09:18 AM
    • Emperador shares opened at S$0.435 in the morning and climbed during the day to end at S$0.45, after 6.2 million shares worth S$2.7 million were traded. 
    • Emperador shares opened at S$0.435 in the morning and climbed during the day to end at S$0.45, after 6.2 million shares worth S$2.7 million were traded.  PHOTO: SGX

    SHARES of Philippines-based Emperador rose on Thursday (Jul 14) during their trading debut on the Singapore Exchange (SGX) with the company’s secondary listing on the mainboard. 

    The counter opened at S$0.435 in the morning and climbed during the day to end at S$0.45, after 6.2 million shares worth S$2.7 million were traded. 

    Prior to the SGX debut, the liquor giant – which is primary listed on the Philippine Stock Exchange (PSE) – last closed at 17.42 Philippine pesos (S$0.435) per share on Wednesday, giving the company a market capitalisation of around S$6.8 billion. The shares on PSE closed at 18.1 pesos on Thursday, up 3.9 per cent.

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