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Emperador Inc. ( (SG:EMI) ) just unveiled an update.
Emperador Inc. announced that the sale of its shares traded on the Singapore Exchange is subject to a stock transaction tax (STT) of 0.6%, which will be collected and remitted to the Philippines Bureau of Internal Revenue by Singapore brokers. BDO Securities Corporation has been appointed as the receiving and remitting agent for this tax, and several Singapore brokers have been onboarded to facilitate this process. This development ensures compliance with Philippine tax regulations and maintains the seamless trading of Emperador’s shares on the SGX-ST, although brokers must have alternative payment methods in place in case the arrangement with BDO changes.
More about Emperador Inc.
Emperador Inc. operates in the alcoholic beverages industry, primarily focusing on the production and distribution of spirits and wines. The company is known for its diversified portfolio of brands and its strategic market presence in various international markets.
YTD Price Performance: -23.81%
Average Trading Volume: 253,910
Technical Sentiment Consensus Rating: Buy
Current Market Cap: S$4.47B
See more data about EMI stock on TipRanks’ Stock Analysis page.
