LT Group

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.

Trade name	LT Group
Formerly	The Manila Wine Merchants, Inc. (1937–1995) Asian Pacific Equity Corporation (1995–1999) Tanduay Holdings, Inc. (1999–2012)
Company type	Public
Traded as	PSE: LTG
Founded	May 25, 1937; 87 years ago (1937-05-25)
Founder	Lucio C. Tan[1]
Headquarters	Bonifacio Global City, Taguig, Metro Manila , Philippines
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]
Net income	PHP 20.2 billion (2021) [2]
Website	ltg.com.ph

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

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

• University of the East

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