Emperador Finishes Higher in Singapore After Secondary Listing
- Liquor maker did not raise proceeds in the state-city
- Company is already listed in the Philippine stock exchange
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Shares of Manila-listed Emperador Inc., the world’s largest maker of brandy, advanced in Singapore after a listing which did not raise new funds.
The shares finished at S$0.45 ($0.32) each, after opening at S$0.435. That is in line with the stock price in the Philippines, where shares climbed to 18.10 pesos ($0.32) each on Thursday.