EMPERADOR TO TAP DEBT MARKET FOR UP TO 70% OF EQUITY

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EMPERADOR Inc., the liquor unit of tycoon Andrew Tan’s business group, is set to tap the capital market to raise capital for domestic and global expansion. In a filing with the Philippine Stock Exchange, Emperador disclosed on Tuesday that it may soon seek the expertise of some global investment banks for its planned capital raising. “To further strengthen its capital base and to help fund its expansion plans, the Board of Directors of Emperador Inc. has directed its President Winston Co to appoint global investment banks to raise money via the debt market of up to 70 percent of the company’s stockholders’ equity,” the listed liquor firm told the local bourse.

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