Latest Stories

Alliance Global to sell 12% of backdoor listing firm

Bulk of P1.8B proceeds to go to Touch Solutions


MANILA, Philippines—Alliance Global Group Inc., a listed holding firm of tycoon Andrew Tan, is offering 1.8 billion shares of Touch Solutions Inc., or about 12 percent of the company. This is in line with the backdoor listing transaction of Alliance Global’s Emperador Distillers Inc.

A filing at the Philippine Stock Exchange made by Alliance Global said a “significant” portion of the proceeds from the share sale would go to Touch Solutions. The deal is being handled by Macquarie Capital (Singapore) Pte. Ltd., the filing showed.

It added that the final price of the offer would be determined by the typical book-building exercise, which was ongoing.

The PSE approved last week the application of Touch Solutions to list an additional 13.5 billion common shares with a par value of P1 each. The shares would cover the private placement transaction with Alliance Global Group Inc., which resulted in the backdoor listing of Emperador Distillers.

It was earlier announced that Tan’s group was set to infuse 100 percent of liquor unit Emperador Distillers into Touch Solutions. The deal was valued at P13.5 billion.

Emperador Distillers is an integrated manufacturer, distributor and bottler of alcoholic beverages with production facilities in Laguna.

It was incorporated in 2003 and later on acquired the brandy manufacturing assets and related brands, namely “Emperador” and “Generoso.” AGI acquired 100 percent of the common shares in the company in 2007.

In 2009, Emperador Distillers introduced “The Bar,” a flavored vodka and gin beverage. In April this year, the company introduced Emperador Deluxe Spanish Edition, a premium brandy imported from Spain that was created specifically to appeal to the Philippine palate.

Alliance Global is a holding company involved in real estate, gaming, liquor manufacturing and fast-food chains.

Follow Us

Follow us on Facebook Follow on Twitter Follow on Twitter

Recent Stories:

Complete stories on our Digital Edition newsstand for tablets, netbooks and mobile phones; 14-issue free trial. About to step out? Get breaking alerts on your mobile.phone. Text ON INQ BREAKING to 4467, for Globe, Smart and Sun subscribers in the Philippines.

Tags: Alliance Global Group , Business , share sale , shares offering , Touch Solutions

Copyright © 2014, .
To subscribe to the Philippine Daily Inquirer newspaper in the Philippines, call +63 2 896-6000 for Metro Manila and Metro Cebu or email your subscription request here.
Factual errors? Contact the Philippine Daily Inquirer's day desk. Believe this article violates journalistic ethics? Contact the Inquirer's Reader's Advocate. Or write The Readers' Advocate:
c/o Philippine Daily Inquirer Chino Roces Avenue corner Yague and Mascardo Streets, Makati City, Metro Manila, Philippines Or fax nos. +63 2 8974793 to 94


  • Luzon grid power reserve ‘enough’ for Holy Week
  • Pimentel proposes incentives for companies that will hire ex-convicts
  • State seeks guilty verdict for Abalos
  • SBMA execs, 2 others face graft raps
  • Pangasinan beachgoers warned vs jellyfish
  • Sports

  • My ideal weight is 140, declares Pacquiao
  • Freddie Roach: I’m satisfied; Manny Pacquiao did well
  • New-look Azkals tie Qatari side
  • San Miguel Beermen eye No. 2 slot, battle Air21 Express
  • Filipinos yield to Iraqis anew Asian club volley
  • Lifestyle

  • Celebrate Easter Sunday at Buddha-Bar Manila
  • Moriones feast: A slow, steady transformation
  • Weaving ‘palaspas’ a tradition kept alive in Tayabas City
  • Finalists announced for best translated books
  • Summer treat for your aspiring astronomers
  • Entertainment

  • Miley Cyrus hospitalized, cancels US concert
  • Otaku Summer Jam 2014: Summer’s hottest J-rock/Cosplay event
  • 2NE1 returns to Manila with “All Or Nothing” Tour
  • Gary Valenciano just keeps moving
  • Noisy celeb spews venom, backs off when confronted
  • Business

  • Longer TRO sought on rate hike
  • Make a stylish statement with the all-new Yaris
  • Hearing set in Olarte case
  • BOC sues steel importers
  • BIR continues to miss collection target
  • Technology

  • Tech company: change passwords or suffer ‘Heartbleed’
  • Filling the digital talent gap
  • SSS to shut down website for Holy Week
  • Another reason to quit social media this Holy Week: your safety
  • Philippines may watch ‘blood moon’ online
  • Opinion

  • We may never know
  • Couple of things
  • Mommy D’s magic
  • Stop bizarre and bloody Good Friday rituals
  • Holy Week taboos
  • Global Nation

  • No travel restrictions to Middle East amid MERS-CoV scare
  • Measures set against entry of MERS-CoV
  • Japan backs PH in case before UN
  • Las Vegas union starts pickets over wages, benefits
  • Fil-Am Daly City councilor has eye on Superior Court seat
  • Marketplace