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Emperador Inc. ( (SG:EMI) ) has provided an announcement.
Emperador Inc. has announced a reduction in the stock transaction tax (STT) for its shares traded on the Singapore Exchange Securities Trading Limited (SGX-ST) from 0.6% to 0.1%. This change is part of the compliance with the Philippine tax authorities, and the STT will be collected by Singapore brokers at the settlement date of the trade. BDO Securities Corporation has been appointed as the Receiving Agent for remitting the STT to the Philippines Bureau of Internal Revenue (BIR), and several Singapore brokers have been onboarded for this purpose. This development is expected to streamline the tax remittance process and potentially enhance the trading efficiency of EMI shares on the SGX-ST.
The most recent analyst rating on (SG:EMI) stock is a Sell with a S$0.23 price target. To see the full list of analyst forecasts on Emperador Inc. stock, see the SG:EMI Stock Forecast page.
More about Emperador Inc.
Average Trading Volume: 4,382
Technical Sentiment Signal: Sell
Current Market Cap: S$5.37B
For detailed information about EMI stock, go to TipRanks’ Stock Analysis page.