LT Group
 | |
| Formerly | The Manila Wine Merchants, Inc. (1937-1995) Asian Pacific Equity Corporation (1995-1999) Tanduay Holdings, Inc. (1999-2012) |
|---|---|
| Company type | Public (PSE: LTG) |
| Founded | May 25, 1937 |
| Founder | Lucio C. Tan[1] |
| Headquarters | Taguig, Philippines |
Key people | Lucio C. Tan [1] (Chairman and CEO) Lucio C. Tan III (President and COO) Jose Gabriel D. Olives (CFO) |
| Revenue | PHP 91.2 billion (2021) [2] |
| PHP 20.2 billion (2021) [2] | |
| Website | ltg.com.ph |
LT Group, Inc. (PSE: LTG) is a publicly listed holding company of Chinese Filipino business tycoon Lucio C. Tan in the Philippines. LT Group, Inc. is majority-owned by Tangent Holdings Corporation, its ultimate parent company (also controlled by Tan).
History[edit]
LT Group, Inc. (LTG) was incorporated on May 25, 1937, as The Manila Wine Merchants, Inc. (TMWMI). On November 17, 1947, TMWMI was listed in the Philippine Stock Exchange (PSE). On September 22, 1995, the Securities and Exchange Commission (SEC) approved the company's name change to Asian Pacific Equity Corporation (APEC) as well as the change of its role from a merchant to a holding company. On November 10, 1999, the corporate name was again changed to Tanduay Holdings, Inc (THI), and again on November 20, 2012, to its current name, LT Group, Inc. (LTG).[3]
Acquisitions[edit]
On July 8, 1999, as Asian Pacific Equity Corporation, the company acquired 100% ownership of Twin Ace Holdings (Tanduay) in a stock swap. On July 30, 1999, Twin Ace Holdings changed its name to Tanduay Distillers, Inc.[4]
Since 2012, the company began a series of consolidation of assets belonging to Tan by acquiring interests in Asia Brewery, Inc., Fortune Tobacco Corporation, Eton Properties Philippines, Inc. (Paramount LandEquities, Inc. and Saturn Land Holdings, Inc.), Philippine National Bank, Allied Banking Corporation and Victorias Milling Company.[5][6][7]
Companies[edit]
Air transport[edit]
- Philippine Airlines - 9.5% ownership by ANA Holdings
- PAL Express (Air Philippines Corporation, formerly Airphil Express) (PSE: PAL)
Banking[edit]
- Philippine National Bank (merger of Philippine National Bank and Allied Bank) (PSE: PNB)
Education[edit]
Food & beverage[edit]
- Asia Brewery
- Tanduay Distillers, Inc.
- Absolute Distillers
Hotels[edit]
- Maranaw Hotels and Resort Corporation
Real estate[edit]
- Eton Properties Philippines
- Eton Centris
- Eton City
Tobacco & alcohol[edit]
- Asian Alcohol Corporation
- Fortune Tobacco Corporation (FTC)
- PMFTC, Inc. - 50% ownership by FTC
Others[edit]
- Allianz-PNB Life Insurance Inc. - Life insurance company. Allianz restarted its operations in 2016 under an exclusive partnership with the Philippine National Bank.
- MacroAsia Corporation - is one of the leading providers of aviation-related support services in the Philippines. (PSE: MAC)
- Victorias Milling Company (PSE: VMC) - minority ownership and management control
References[edit]
- ^ a b "Leadership". www.ltg.com.ph. Retrieved March 21, 2022.
- ^ a b "Data". www.edge.pse.com.ph. Retrieved March 18, 2022.
- ^ "LT Group". www.ltg.com.ph. Archived from the original on January 3, 2016. Retrieved October 7, 2015.
- ^ "Tanduay Corporate". Archived from the original on March 22, 2014. Retrieved March 22, 2014.
- ^ http://www.interaksyon.com/business/47236/tanduay-buys-out-other-owners-of-eton-properties[permanent dead link]
- ^ "Consolidating Lucio Tan group hikes stake in Asia Brewery". Rappler.
- ^ "LT Group raises stake in Victorias Milling". Rappler.
External links[edit]
- Conglomerate companies of the Philippines
- Holding companies of the Philippines
- Drink companies of the Philippines
- Banks of the Philippines
- Real estate companies of the Philippines
- Companies listed on the Philippine Stock Exchange
- Companies based in Bonifacio Global City
- Philippine brands
- Holding companies established in 1937
- Philippine companies established in 1937
- 1940s initial public offerings
- Companies in the PSE Composite Index