Latest Stories

Emperador completes P16.2-B share offer

Trillionstars Holdings Inc. (TSI), soon to be renamed Emperador Inc.,  completed a public share sale at a discount to its market price, according to a regulatory filing.

The deal has been valued at P16.2 billion.

The 1.8 billion shares on offer, equivalent to a 12 percent stake in the company, were priced at P8.89 apiece, the company said Friday in its disclosure to the Philippine Stock Exchange. The price reflected a 19.5-percent discount to its previous close due to strong interest among domestic and overseas investors.

The offer price, which was determined after a book building process, was pegged near the bottom of the indicative range of P8.96 and P11.74 previously reported by Thomson Reuter’s IFR.

The selling shareholder was Andrew Tan’s flagship holding firm, Alliance Global Group Inc., although most of the proceeds from the offer will go back to TSI.

Because of the large discount, TSI fell as much as 16.7 percent during the session. It closed 14.52-percent lower to P9.54 a share.

“The offering attracted strong interest from a wide range of domestic and international investors, including high quality institutional investors as well as ultra-high net worth investors,” the company said.

Alliance Global Group is the parent firm of Emperador as well as Tan’s other business interests in real estate like Megaworld Corp and Resorts World Manila. It also owns half of the local franchise holder of the McDonalds chain.

Only a few weeks ago, TSI was known as IT firm Touch Solutions Inc. prior to a backdoor listing transaction of Emperador, which is the world’s biggest producer of brandy.

Based on the agreement between Alliance Global Group and TSI, P11.2 billion of the gross proceeds will be used by TSI to fund the growth of Emperador.

Based on the offer price, TSI’s market capitalization will be valued at approximately P135 billion, making it one of the top 20 largest listed companies on the PSE.  Miguel R. Camus

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: Business , emperador inc. , public share sale , trillionstars holdings inc.

  • willbillywilly


  • joboni96

    lashing pilipino
    kumita intsik switik

    basi, lambanog, tapoy

    • Just_JT

      Where can we buy that Basi, Lambanog and Tapoy? If your answer is in Ilocos or Quezon, then buying that Basi, Lambanog and Tapoy is not worth the trouble.

      • joboni96

        if you google dito na sa manila
        some supermarkets already carry these

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


  • Obama due in Seoul as North Korea nuclear test fears grow
  • Hold departure order out vs Corona, Singson
  • Malaysia to release MH370 report–PM
  • Man found dead in Quezon City, alleged victim of summary execution–report
  • Aquino to lead Air Force turnover rites
  • Sports

  • Michael Phelps loses to Lochte in comeback meet
  • Sharapova advances to Stuttgart quarterfinals
  • Galedo caps ride of redemption
  • Beermen, Express dispute second semis slot today
  • Lady Agilas upset Lady Bulldogs in four sets
  • Lifestyle

  • ‘Recovered’ Banksy works on display ahead of sale
  • Marinduque: Visiting the ‘palm of the ocean’
  • First at Vatican in 60 years
  • How Jing Monis Salon gave Krissy the pixie
  • Want to be a supermodel? Work on your inner beauty, says Joey Espino
  • Entertainment

  • Paul McCartney to play at Candlestick concert
  • Kristoffer Martin: from thug to gay teen
  • Has Ai Ai fallen deeply with ‘sireno?’
  • California court won’t review Jackson doctor case
  • Cris Villonco on play adapted from different medium
  • Business

  • PAL hailed for ban on shark fin cargo
  • BSP to change tint of P100 bill
  • Nielsen sees car buying boom in the Philippines
  • How author of best-seller exposed ‘one percent’ economic elite
  • Bangko Sentral readies new bank lending rules
  • Technology

  • Cloud strength helps Microsoft earnings top Street
  • Vatican announces hashtag for April 27 canonizations
  • Enrile in Masters of the Universe, Lord of the Rings?
  • Top Traits of Digital Marketers
  • No truth to viral no-visa ‘chronicles’
  • Opinion

  • Editorial Cartoon, April 25, 2014
  • No deal, Janet
  • Like making Al Capone a witness vs his gang
  • MERS-CoV and mothers
  • A graduation story
  • Global Nation

  • China welcomes PH apology
  • Only 4 Etihad passengers not accounted for
  • Abandoned in Malta,15 PH seamen return
  • Senator hopes PH will also get same vow
  • HK victims to get P115M; traders raised money
  • Marketplace