LT Group | |
Formerly | The Manila Wine Merchants, Inc. (1937–1995) Asian Pacific Equity Corporation (1995–1999) Tanduay Holdings, Inc. (1999–2012) |
Company type | Public |
PSE: LTG | |
Founded | May 25, 1937 |
Founder | Lucio C. Tan [1] |
Headquarters | , |
Area served | Worldwide |
Key people | Lucio C. Tan [1] (Chairman and CEO) Lucio C. Tan III (President and COO) Jose Gabriel D. Olives (CFO) |
Revenue | PHP 91.2 billion (2021) [2] |
PHP 20.2 billion (2021) [2] | |
Website | 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).
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]
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]
San Miguel Corporation, abbreviated as SMC, is a Philippine multinational conglomerate with headquarters in Mandaluyong, Metro Manila. The company is one of the largest and most diversified conglomerates in the Philippines. Originally founded in 1890 as a brewery, San Miguel has ventured beyond its core business, with investments in various sectors such as food and drink, finance, infrastructure, oil and energy, transportation, and real estate.
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Lucio Chua Tan Sr. 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, liquor, tobacco, real estate, beverages, and education. As of 2024, his net worth is estimated at US$2.6 billion.
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Tanduay Distillers, Inc. is a Philippine alcoholic beverage company founded in 1854. It is a subsidiary of LT Group, a conglomerate owned by Filipino business magnate Lucio Tan. As of 2021, it is the world's largest rum brand.
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The Stag Pale Pilseners were a Philippine Basketball League (PBL) team owned by Asia Brewery, Inc., a company owned by the Lucio Tan group. It joined the league in 1995. The team was renamed Tanduay Gold Rhum Masters in 1997 and remained with the league until 1999. The franchise was the most dominant team during its PBL stint, playing in the finals in all 10 participated conferences, winning seven championships, including a grand slam finish in its debut year (1995) and four consecutive titles from 1996 to 1998.
San Miguel Food and Beverage, Inc., doing business as San Miguel Foods, is a Philippine food and beverage company headquartered in Pasig, Metro Manila. It is the largest food and beverage company in the Philippines, with nearly 3,000 employees deployed in a nationwide network of offices, farms, manufacturing, processing and distribution facilities. The company is a subsidiary of San Miguel Corporation (SMC).
Lorenzo Villanueva Tan is a prominent Filipino banker and former President of the Banker's Association of the Philippines, and Chairman of the Asian Bankers Association. At 37 years old, he became the youngest president of a universal bank in the Philippines.
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 production of integrated raw and refined sugar and engaging in engineering services. Trading on the Philippine Stock Exchange (PSE), the company is in Victorias City, Negros Occidental, Philippines where its plant facilities are also located.
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Lucio K. Tan Jr. well known as Bong Tan is a Filipino business executive and basketball coach. He was the son of Filipino-Chinese multimillionaire Lucio Tan.