Emperador Inc. (SG:EMI) has released an update.
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Emperador Inc. has announced that sales of its shares on the Singapore Exchange are subject to a 0.6% Stock Transaction Tax (STT), which Singapore brokers will collect on behalf of sellers and remit to the Philippines Bureau of Internal Revenue, either directly or through BDO Securities as the appointed Receiving Agent. A list of Singapore brokers on board with BDO for STT remittance has been provided, and should any broker cease using the Receiving Agent, they must establish alternate STT payment methods to facilitate continued trading of Emperador Inc.’s shares.
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