LT Group
{{short description|Philippine publicly-listed holding company}}
{{Use Philippine English|date=November 2022}}
{{Use mdy dates|date=November 2022}}
{{Infobox company |
| name = LT Group, Inc.
| logo = LT Group Inc logo.svg
| logo_size = 260px
| former_name = The Manila Wine Merchants, Inc. (1937–1995)
Asian Pacific Equity Corporation (1995–1999)
Tanduay Holdings, Inc. (1999–2012)
| trade_name = LT Group
| type = Public
| traded_as = {{Pse|LTG}}
| foundation = {{Start date and age|1937|5|25}}
| founder = Lucio C. Tan{{cite web |url=https://ltg.com.ph/leadership/|title= Leadership|website= www.ltg.com.ph|access-date=March 21, 2022}}
| location_city = Bonifacio Global City, Taguig, Metro Manila
| location_country = Philippines
| area_served = Worldwide
| key_people = Lucio C. Tan
(Chairman and CEO)
Lucio C. Tan III
(President and COO)
Jose Gabriel D. Olives (CFO)
| net_income = PHP 20.2 billion (2021) {{cite web |url=https://edge.pse.com.ph/openDiscViewer.do?edge_no=a18f6d5cc17adaea3470cea4b051ca8f |title= Data|website= www.edge.pse.com.ph|access-date=March 18, 2022}}
| revenue = PHP 91.2 billion (2021)
| slogan =
| homepage = {{URL|https://ltg.com.ph/|ltg.com.ph}}
|}}
LT Group, Inc. (LTG) is a Philippine publicly listed holding company headquartered in Bonifacio Global City, Taguig. It was founded in 1937 by Chinese Filipino 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 (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).{{Cite web|url=http://www.ltg.com.ph/history.html|title=LT Group|website=www.ltg.com.ph|access-date=October 7, 2015|archive-date=January 3, 2016|archive-url=https://web.archive.org/web/20160103103014/http://www.ltg.com.ph/history.html|url-status=dead}}
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.{{cite web |url=http://www.tanduay.com/corp/who_we_are/history |title=Tanduay Corporate |accessdate=March 22, 2014 |url-status=dead |archiveurl=https://web.archive.org/web/20140322013411/http://www.tanduay.com/corp/who_we_are/history |archivedate=March 22, 2014 }}
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.{{Cite web |last=M. Montealegre |first=Krista Angela |date=November 5, 2012 |title=Tanduay buys out other owners of Eton Properties |url=http://www.interaksyon.com/business/47236/tanduay-buys-out-other-owners-of-eton-properties |archive-url=https://archive.today/20151105073541/http://www.interaksyon.com/business/47236/tanduay-buys-out-other-owners-of-eton-properties |archive-date=5 November 2015 |website=interaksyon.com}}{{Cite news|url=http://www.rappler.com/business/17400-consolidating-lucio-tan-group-hikes-stake-in-asia-brewery|title=Consolidating Lucio Tan group hikes stake in Asia Brewery|work=Rappler}}{{Cite news|url=http://www.rappler.com/business/business-deals/54993-lucio-tan-lt-group-sugar-milling-victorias|title=LT Group raises stake in Victorias Milling|work=Rappler}}
Companies
=Air transport=
- Philippine Airlines - 9.5% ownership by ANA Holdings
- PAL Express (Air Philippines Corporation, formerly Air Philippines and Airphil Express) ({{Pse|PAL}})
=Banking=
- Philippine National Bank (merger of Philippine National Bank and Allied Bank) ({{Pse|PNB}})
=Education=
=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 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. ({{Pse|MAC}})
- Victorias Milling Company ({{Pse|VMC}}) - minority ownership and management control
References
{{reflist}}
External links
- {{official website|https://ltg.com.ph/}}
{{LT Group}}
{{PSEi}}
Category:Conglomerate companies of the Philippines
Category:Holding companies of the Philippines
Category:Drink companies of the Philippines
Category:Banks of the Philippines
Category:Real estate companies of the Philippines
Category:Companies listed on the Philippine Stock Exchange
Category:Companies based in Bonifacio Global City
Category:Holding companies established in 1937
Category:Philippine companies established in 1937