JG Summit Holdings

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JG Summit Holdings
Public (PSE)[1]
Traded as PSEJGS
Industry Conglomerate
Founded 1957; 60 years ago (1957)
Headquarters Pasig, Philippines
Key people
John Gokongwei, Founder and Chairman Emeritus
Products Banking and Investments, Transportation, Real Estate, Manufacturing, Publishing, Telecommunications, Power generation, Petrochemicals
Revenue $2.830 billion USD (2010)[2]
$375 million USD (2010)
Subsidiaries Universal Robina
Robinsons Land Corporation
Cebu Pacific
United Industrial Corporation Limited
Robinsons Retail Holdings, Inc.
Robinsons Bank
JG Summit Petrochemical Corporation
Website http://jgsummit.com.ph/

JG Summit Holdings, Inc is one of the largest conglomerates in the Philippines with business interests in air transportation, banking, food manufacturing, hotels, petrochemicals, power generation, publishing, real estate and property development, and telecommunications. Companies that JG Summit Holdings has major holdings in include Digital Telecommunications Philippines and Cebu Pacific. Its chairman is John Gokongwei, one of the wealthiest individuals in Southeast Asia.[3] It was one of the ten most profitable companies on the Philippine Stock Exchange for 2010.[4]

Companies Under JG Summit Holdings[edit]

Partner Companies[edit]

Former Businesses[edit]

  • Philippine Commercial International Bank - A joint venture between Benpres and the Lopez Group of Companies. Both sold their shares in 1999 to the SSS and GSIS which gave way to the Equitable Banking Corporation - Philippine Commercial International Bank merger and eventually became Banco de Oro Universal Bank.
  • Far East Bank and Trust Company - Sold the shares to BPI during the time PCIBank was acquired by Equitable, the GSIS and the SSS.
  • Digital Telecommunications Philippines (Digitel and Sun Cellular) - Acquired by PLDT last March 2011. As part of the deal, JG Summit will have a 12% share in PLDT. It was finalized by the National Telecommunications Commission last October 26, 2011.

See also[edit]

References[edit]

  1. ^ "Company Profile for JG Summit Holdings Inc". Reuters. Retrieved 2007-01-03. 
  2. ^ JG Summit Holdings 2006 Annual Report
  3. ^ Doebele, Justin (September 8, 2005). "Southeast Asia's 40 Richest". Forbes. 
  4. ^ "Year End Report - Transco, telcos, economic growth". Manila Times. 2006-12-31. Archived from the original on October 17, 2007. Retrieved 2007-01-03. 

Further reading[edit]

External links[edit]