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Emperador Inc. ( (SG:EMI) ) has provided an update.
Emperador Inc. has announced the implementation of a Stock Transaction Tax (STT) on the sale of its shares traded on the Singapore Exchange Securities Trading Limited (SGX-ST). The tax, set at 0.6% of the gross selling price, is to be collected by Singapore brokers and remitted to the Philippines Bureau of Internal Revenue (BIR), either through BDO Securities Corporation, which has been appointed as the Receiving Agent, or through other channels. This move ensures compliance with Philippine tax regulations and involves multiple Singapore brokers, including CGS-CIMB Securities, Citigroup Global Markets, and JP Morgan Securities, among others. The announcement highlights the importance of maintaining proper procedures for STT collection and remittance to facilitate uninterrupted trading of EMI shares on the SGX-ST.
The most recent analyst rating on (SG:EMI) stock is a Sell with a S$0.30 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: 1,824
Technical Sentiment Signal: Sell
Current Market Cap: S$4.93B
See more data about EMI stock on TipRanks’ Stock Analysis page.