The Andrew Tan-led Alliance Global Group Inc. (AGI) has started setting up the backdoor listing of its distilled liquor business in the Philippine Stock Exchange (PSE), via subscription of shares in listed firm Touch Solutions Inc. (TSI).
In a filing with the PSE, AGI disclosed that it subscribed to some P15-billion shares of TSI, among other investors, in exchange of Emperador Distillers Inc. shares.
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