Emperador Inc. (SG:EMI) has released an update.
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Emperador Inc. has implemented a Stock Transaction Tax (STT) of 0.6% on the sale of shares traded on the Singapore Exchange, which will be collected by Singapore brokers and remitted to the Philippines Bureau of Internal Revenue. A list of Singapore stockbrokers, including major firms like Citigroup and JP Morgan, have been onboarded with BDO Securities as the receiving agent for this task. If a broker cannot remit through BDO, they must arrange alternative STT payment methods to ensure uninterrupted trading services for EMI’s shares on the SGX-ST.
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