LT Group

LT Group, Inc.
LT Group
FormerlyThe Manila Wine Merchants, Inc. (1937–1995)
Asian Pacific Equity Corporation (1995–1999)
Tanduay Holdings, Inc. (1999–2012)
Company type
Public
PSE: LTG
FoundedMay 25, 1937; 89 years ago (1937-05-25)
FounderLucio C. Tan[1]
Headquarters
11th Floor, Unit 3 Bench Tower, 30th Street corner Rizal Drive, Crescent Park West 5, Bonifacio Global City, Taguig, Metro Manila
,
Philippines
Area served
Worldwide
Key people
Lucio C. Tan [1]
(Chairman and CEO)
Lucio C. Tan III
(President and COO)
Jose Gabriel D. Olives (CFO)
RevenuePHP 91.2 billion (2021) [2]
PHP 20.2 billion (2021) [2]
Websiteltg.com.ph

LT Group, Inc. (LTG) is a Philippine publicly listed holding company headquartered in Bonifacio Global City, Taguig.

LT Group, Inc. is majority-owned by Tangent Holdings Corporation, its ultimate parent company (also controlled by Tan).

History

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

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

Air transport

Banking

Education

Food & beverage

Hotels

Real estate

Tobacco & alcohol

  • Asian Alcohol Corporation
  • Fortune Tobacco Corporation (FTC)

Others

References

  1. ^ a b "Leadership". www.ltg.com.ph. Retrieved March 21, 2022.
  2. ^ a b "Data". www.edge.pse.com.ph. Retrieved March 18, 2022.
  3. ^ "LT Group". www.ltg.com.ph. Archived from the original on January 3, 2016. Retrieved October 7, 2015.
  4. ^ "Tanduay Corporate". Archived from the original on March 22, 2014. Retrieved March 22, 2014.
  5. ^ M. Montealegre, Krista Angela (November 5, 2012). "Tanduay buys out other owners of Eton Properties". interaksyon.com.{{cite web}}: CS1 maint: deprecated archival service (link)
  6. ^ "Consolidating Lucio Tan group hikes stake in Asia Brewery". Rappler.
  7. ^ "LT Group raises stake in Victorias Milling". Rappler.

Content Disclaimer

Informasi ini disarikan dari Wikipedia dan disajikan kembali untuk tujuan edukasi. Konten tersedia di bawah lisensi CC BY-SA 3.0. Kami tidak bertanggung jawab atas ketidakakuratan data yang bersumber dari kontribusi publik tersebut.

  1. The information displayed on this website is sourced in part or in whole from Wikipedia and has been adapted for the purpose of restating it. We strive to provide accurate and relevant information, however:
  2. There is no guarantee of absolute accuracy. Wikipedia is an open, collaborative project that can be edited by anyone, so information is subject to change.
  3. It is not intended to constitute professional advice. The content displayed is for informational and educational purposes only. For important decisions (e.g., medical, legal, or financial), please consult a professional.
  4. Content copyright. Wikipedia is licensed under the Creative Commons Attribution-ShareAlike License (CC BY-SA). This means that content may be reused with appropriate attribution and shared under a similar license.
  5. Responsible use. Any risk arising from the use of information from this website is entirely the responsibility of the user.