LT Group, Inc. (LTG) is a Philippine publicly listed

holding company A holding company is a company whose primary business is holding a controlling interest in the Security (finance), securities of other companies. A holding company usually does not produce goods or services itself. Its purpose is to own Share ...

headquartered in

Bonifacio Global City Bonifacio Global City, also known as BGC, Global City, or The Fort, is a 240-hectare mixed-use estate and central business district located in Fort Bonifacio, Taguig, Philippines. It is the home of the Philippine Stock Exchange, the national ...

Taguig Taguig (), officially the City of Taguig (), is the List of cities in the Philippines, fifth-most populous city in the Philippines situated on the eastern shores of Metro Manila, the national capital region. It is a center for culture, finance ...

. It was founded in 1937 by

Chinese Filipino Chinese Filipinos (sometimes referred as Filipino Chinese or Chinoy/Tsinoy in the Philippines) are Filipinos of Chinese descent with ancestry mainly from Fujian, but are typically born and raised in the Philippines. Chinese Filipinos are one ...

business tycoon Lucio Tan. 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. (; ) 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. Including previous forms, the exchange has ...

(PSE). On September 22, 1995, the

Securities and Exchange Commission The United States 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. Its primary purpose is to enforce laws against market m ...

(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) 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 ...

. 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, ; ; Hokkien in the Philippines, Hokkien ) is a major Filipino bank based in Pasay in the Philippines. It was established by the Philippine government on July 22, 1916, during the Insular Government, America ...

, Allied Banking Corporation 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 prod ...

Companies

Air transport

Philippine Airlines Philippine Airlines (PAL) is the flag carrier of the Philippines. Headquartered at the Philippine National Bank, PNB Financial Center in Pasay, the airline was founded in 1941 and is the oldest operating commercial airline in Asia. Philippine ...

- 9.5% ownership by

ANA Holdings (ANA) is a Japanese airline headquartered in Minato, Tokyo. ANA operates services to both domestic and international destinations and is Japan's largest airline, ahead of its main rival flag carrier Japan Airlines. the airline has approximate ...

** PAL Express ( Air Philippines Corporation, formerly Air Philippines and Airphil Express) ()

Banking

(merger of Philippine National Bank and Allied Bank) ()

Education

University of the East The University of the East (), also known as UE, is a private university located in Manila, Philippines. Founded in 1946, business tycoon Lucio Tan acquired the university in 1990. UE was once labeled as the "largest university in Asia" when i ...

Food & beverage

* Asia Brewery * Tanduay Distillers, Inc. ** Absolute Distillers

Hotels

* Maranaw Hotels and Resort Corporation ** Century Park Hotel

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 Epifanio de los Santos Avenue, EDSA and Quezon Avenue. It is a major component of the Triangle Park (Quezon ...

** Eton City

Tobacco & alcohol

* Asian Alcohol Corporation * Fortune Tobacco Corporation (FTC) ** 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 - is one of the leading providers of aviation-related support services in the Philippines. () *

() - 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 Companies in the PSE Composite Index