Emperador Inc. (SG:EMI) has released an update.
Emperador Inc. has announced that shares sold on the Singapore Exchange are subject to a 0.6% Stock Transaction Tax, which will be collected by Singapore brokers and remitted to the Philippines Bureau of Internal Revenue, with BDO Securities acting as the receiving agent. A list of Singapore brokers now onboarded with BDO has been released. If brokers or BDO terminate their STT remittance arrangement, alternative payment methods must be provided for continued trading of Emperador shares on the SGX-ST.
For further insights into SG:EMI stock, check out TipRanks’ Stock Analysis page.
