LT Group

LT Group, Inc.
Company type	Public (PSE: LTG)
Founded	1937
Founder	Lucio C. Tan, Sr.
Headquarters	Taguig City, Philippines
Key people	Lucio C. Tan, Sr. (Chairman and CEO) ; Michael G. Tan (President and COO); Jose Gabriel D. Olives (CFO)
Revenue	PHP52.125 billion (2014)
Net income	PHP4.410 billion (2014)
Website	www.ltg.com.ph

LT Group, Inc. (PSE: LTG) is a publicly listed holding company of Chinese Filipino business tycoon Lucio Tan 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 (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

Asia Brewery, Inc.
Tanduay Distillers, Inc.
Tanduay Brands International, Inc.
Fortune Tobacco Corporation (FTC)
- PMFTC, Inc. - 50% ownership by FTC
Philippine National Bank (merger of Philippine National Bank and Allied Banking Corporation) (PSE: PNB)
Eton Properties Philippines, Inc.
Victorias Milling Company (PSE: VMC) - minority ownership and management control

References

External links

LT Group, Inc.

[1] ttp://www.bloomberg.com/research/stocks/financials/financials.asp?ticker=LTG:PM&dataset=incomeStatement&period=A&currency=native

[2] ttp://www.bloomberg.com/research/stocks/financials/financials.asp?ticker=LTG:PM&dataset=incomeStatement&period=A&currency=native

[3] ttp://www.ltg.com.ph/history.html

[4] ttp://www.tanduay.com/corp/who_we_are/history

[5] ttp://www.interaksyon.com/business/47236/tanduay-buys-out-other-owners-of-eton-properties

[6] ttp://www.rappler.com/business/17400-consolidating-lucio-tan-group-hikes-stake-in-asia-brewery

[7] ttp://www.rappler.com/business/business-deals/54993-lucio-tan-lt-group-sugar-milling-victorias

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