Emperador (SGX:EMI, PSE:EMI) confirmed that Alliance Global Group (PSE:AGI) held a 79.48% stake as of Sept. 30, 2024, correcting a discrepancy in Alliance Global Group's own report, according to a Tuesday filing on the Singapore Exchange.
Alliance Global attributed the error to misreporting and pledged to ensure accuracy moving forward.
Separately, the liquor maker reminded investors that trading in its shares on the Singapore Exchange are subject to a 0.6% stock transaction tax, payable by sellers through their Singapore brokers.
Several brokers, including Citi, UBS, and JP Morgan, have onboarded BDO Securities as the remitting agent for stock transaction tax payments to Philippine tax authorities.
Failure to remit the tax may result in legal or contractual breaches, Emperador said.
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