LT Group, Inc. () is a publicly listed holding company of

Chinese Filipino Chinese Filipinos; tl, Tsinoy, / Tsinong Pilipino, ; Philippine Hokkien , Mandarin (also known as Filipino Chinese in the Philippines) are Filipinos of Chinese descent, mostly of southern Fujianese ancestry, where the majority are bor ...

business tycoon

Lucio C. Tan Lucio Chua Tan Sr. (; born July 17, 1934) is a Filipino business magnate, investor, and philanthropist. He presides over the Filipino conglomerate company LT Group, Inc., a company with extensive business interests in sports, banking, airline ...

in the Philippines. 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 The Philippine Stock Exchange, Inc. ( fil, Pamilihang Sapi ng Pilipinas; ) is the national stock exchange of the Philippines. The exchange was created in 1992 from the merger of the Manila Stock Exchange and the Makati Stock Exchange. Includin ...

(PSE). On September 22, 1995, the

Securities and Exchange Commission The U.S. Securities and Exchange Commission (SEC) is an independent agency of the United States federal government, created in the aftermath of the Wall Street Crash of 1929. The primary purpose of the SEC is to enforce the law against market ...

(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).

Acquisitions

On July 8, 1999, as Asian Pacific Equity Corporation, the company acquired 100% ownership of Twin Ace Holdings (

Tanduay Tanduay Distillers, Inc. () is a Philippine alcoholic beverage company. It is a subsidiary of LT Group, a conglomerate owned by Filipino business magnate Lucio Tan. As of 2019, it is the world's largest rum brand. History Tanduay traces its or ...

) in a

stock swap In corporate finance a stock swap is the exchange of one equity-based asset for another, where, during the merger or acquisition, the swap provides an opportunity to pay with stock rather than with cash; see . Overview The acquiring company e ...

. On July 30, 1999, Twin Ace Holdings changed its name to Tanduay Distillers, Inc. 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 The Philippine National Bank (PNB, Filipino/ tl, Bangko Nasyonal ng Pilipinas, lit=; es, Banco Nacional Filipino; Hokkien ) is one of the largest banks in the Philippines. It was established by the Philippine government on July 22, 1916, durin ...

Allied Banking Corporation Allied Banking Corporation (now Philippine National Bank) was one of the largest banks in the Philippines. On February 9, 2013, the bank was merged with Philippine National Bank, creating the fourth largest private domestic bank in the Philippi ...

and

Victorias Milling Company Victorias Milling Company () is a publicly-listed company in the Philippines that was established in 1919. It is largest producer of sugar in the country and one of the largest sugar millers and refineries in Asia. Its core business is the pro ...

Companies

Air transport

Philippine Airlines Philippine Airlines (PAL), a trade name of PAL Holdings, Inc. ( PSEPAL (Philippine Air Lines until 1970), is the flag carrier airline of the Philippines. Headquartered at the PNB Financial Center in Pasay, the airline was founded in 1941 and i ...

- 9.5% ownership by

ANA Holdings , also known as ANA (''Ē-enu-ē'') or is an airline in Japan. Its headquarters are located in Shiodome City Center in the Shiodome area of Minato ward of Tokyo. It operates services to both domestic and international destinations and had mo ...

PAL Express Air Philippines Corporation, operating as PAL Express and formerly branded as Air Philippines and Airphil Express, is a wholly owned subsidiary airline of Philippine Airlines which is under its ownership. It is PAL's regional brand, with servic ...

(Air Philippines Corporation)

Banking

(merger of Philippine National Bank and

) ()

Education

University of the East The University of the East ( fil, Pamantasan ng Silangan), also known as UE, is a leading private university located in Manila, Philippines. Founded in 1946, business tycoon Lucio Tan acquired the university in 1990. UE was once labeled as the ...

Food & beverage

Asia Brewery Asia Brewery, Inc. is a Philippines-based diversified beverage company owned by LT Group, Inc. (), a publicly listed holding company of Lucio Tan. History Asia Brewery, Inc. was established by Lucio Tan on January 27, 1982, with the inaugurati ...

* Tanduay Distillers, Inc. ** Absolute Distillers

Hotels

* Maranaw Hotels and Resort Corporation **

Century Park Hotel The Century Park Hotel, formerly the Century Park Sheraton Manila, is a hotel in Manila, Philippines. The hotel is hosted in a 19-storey building and has 478 rooms as of 2015. History In 1974, the Philippine government encouraged the private sec ...

Real estate

* Eton Properties Philippines **

Eton Centris Eton Centris is a development in Quezon City by Lucio Tan's Eton Properties Philippines. Eton Centris is located at the southeast corner of EDSA and Quezon Avenue. It is a major component of the Triangle Park business district.PMFTC, Inc. - 50% ownership by FTC

Others

* 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 MacroAsia Corporation is a leading provider of aviation-related support services in the Philippines. Its major business segments derive income from aircraft maintenance, repair and overhaul (MRO), food services (airline and institutional catering) ...

- is one of the leading providers of aviation-related support services in the Philippines. * Victorias Milling Company () - minority ownership and management control

References

External links

* {{PSEi 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