|
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. 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). Acquisitions On July 8, 1999, as Asian Pacific Equity Corporation, the company acquired 100% ownership of Twin Ac ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Public Company
A public company is a company whose ownership is organized via shares of share capital, stock which are intended to be freely traded on a stock exchange or in over-the-counter (finance), over-the-counter markets. A public (publicly traded) company can be listed on a stock exchange (listing (finance), listed company), which facilitates the trade of shares, or not (unlisted public company). In some jurisdictions, public companies over a certain size must be listed on an exchange. In most cases, public companies are ''private'' enterprises in the ''private'' sector, and "public" emphasizes their reporting and trading on the public markets. Public companies are formed within the legal systems of particular states and so have associations and formal designations, which are distinct and separate in the polity in which they reside. In the United States, for example, a public company is usually a type of corporation, though a corporation need not be a public company. In the United Kin ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Stock Swap
In corporate finance, a stock swap is the exchange of one equity-based asset for another, where, during the merger or acquisition, the swap provides an opportunity to pay with stock rather than with cash; see . Overview The acquiring company essentially uses its own stock as cash to purchase the business. Each shareholder of the acquired company will receive a predetermined number of shares from the acquiring company. Before the swap occurs each party must accurately value their company so that a fair " swap ratio" can be calculated. The valuation of a company is complicated in general; here though, additional to fair market value, the investment- and intrinsic value are to be determined as well. After the valuation is complete, the parties will agree upon the swap ratio; this will determine the number of shares that each shareholder will receive. In theory, a fair ratio is such that shareholders in both previous companies now own a pro-rated share of the new company: ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Allianz
Allianz SE ( , ) is a German Multinational corporation, multinational financial services company headquartered in Munich, Germany. Its core businesses are insurance and asset management. Allianz is the world's largest List of largest insurance companies, insurance company and the largest List of largest financial services companies by revenue, financial services company List of largest companies in Europe by revenue, in Europe. In 2023, the company was ranked 37th in the Forbes Global 2000, ''Forbes'' Global 2000. Also it is a component of the Euro Stoxx 50 stock market index. Its asset management division, which consists of PIMCO and Allianz Global Investors, has €2,432 billion of assets under management (AUM), of which €1,775 billion are third-party assets (Q1 2021). Allianz sold Dresdner Bank to Commerzbank in November 2008. Allianz was a major supporter of the Nazi movement and was an insurer of the Auschwitz concentration camp. History Foundation ''Alli ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
PMFTC
PMFTC, Inc. is the Philippine affiliate of Philip Morris International (PMI). Owned 50-50 by PMI and local conglomerate LT Group, PMFTC is the leading cigarette manufacturer in the Philippines, controlling over 90% of the local market, commercialising the brands Fortune International, Hope Luxury, Marlboro, and More, among others. The company is a joint-venture between the Philippine unit of PMI and local firm Fortune Tobacco Corporation (FTC), which joined forces in 2010 to form a new company that, after the agreement, would control the 90% of the market. History In 1955, Philip Morris International entered into a licensing agreement with La Suerte Cigar and Cigarette Factory to manufacture and sell Marlboro cigarettes in the Philippines. Fortune Tobacco Corporation (FTC) was established in 1966, founded by Benito Tan Kee Hiong, Atty. Florencio N. Santos, Lucio Tan and Mariano Tanenglian. In 1995, Philip Morris Philippines, Inc. (PMPI) was established to handle all s ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Eton Centris
Eton Centris is a development in Quezon City by Lucio Tan's Eton Properties Philippines. Eton Centris is located at the southeast corner of Epifanio de los Santos Avenue, EDSA and Quezon Avenue. It is a major component of the Triangle Park (Quezon City), Triangle Park business district.Eton unveils second mixed-use project in GC , ABS-CBN News It covers an area of .SM now one of the tenants in Lucio Tan-controlled property firm , GMA News History Eton Centris was announced in October 2008 as Eton's second ...[...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Century Park Hotel
The Century Park Hotel, formerly the Century Park Sheraton Manila, is a hotel in Manila, Philippines. The hotel is hosted in a 19-storey building and has 478 rooms as of 2015. History In 1974, the Philippine government encouraged the private sector to build hotels in anticipation of the 1976 International Monetary Fund-World Bank (IMF-WB) annual meeting to be hosted in the county. The government made funds available to private firms willing to build hotels at low interest rates. The Marsteel Corporation, an integrated steel manufacturing firm entered into a joint venture agreement with All Nippon Airways Enterprise, Co. Ltd. (ANAE) to convert the Maranaw Hotels and Resort Corporation (MHRC) into a joint venture corporation for the purpose of building a hotel at a site at the Harrison Park in Malate, Manila. In 1975, MHRC entered in a franchise agreement with the Sheraton Hotel and Inns Worldwide to allow the usage of the Sheraton brand for its hotel. The Century Park Hotel part ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Tanduay Distillers
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. History Tanduay traces its origins to a distillery in Hagonoy, Bulacan originally owned by Elías Menchatorre. In 1856, the distillery was acquired by Valentin Teus e Yrisarry and brought into Ynchausti y Compañía. Although the Hagonoy distillery was already in operation at the time of the acquisition, Ynchausti y Compañia decided to use its own foundation date (1854) as the distillery's foundation date. Six years later, a rectifying plant was constructed in Isla de Tanduay, bordering the Quiapo and San Miguel districts of Manila, becoming the original Tanduay distillery. To this day, the Ynchausti family crest can still be seen on every bottle of Tanduay. There are no records of the product names produced by these two distilleries and it can ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
University Of The East
The University of the East (), also known as UE, is a private university located in Manila, Philippines. Founded in 1946, business tycoon Lucio Tan acquired the university in 1990. UE was once labeled as the "largest university in Asia" when its enrollment in the past reached over 65,000 students. The Commission on Higher Education (Philippines), Commission on Higher Education (CHED) granted UE autonomous status and recognized 2 of its programs as Center of Excellence and 1 program as Center of Development. UE offers degree programs from basic education to graduate studies. UE has two other campuses, one in University of the East Caloocan, Caloocan, and its medical school, the UE Ramon Magsaysay Memorial Medical Center located in Aurora Blvd., Dona Imelda, Quezon City. History The history of the University of the East starts in September 1946, in a rented room on Dasmariñas Street, Manila, where 110 students enrolled in Certified Public Accountant (CPA) review classes ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
PAL Express
Air Philippines Corporation, operating as PAL Express and formerly branded as Air Philippines and Airphil Express, is a wholly-owned subsidiary of Philippine Airlines. It is PAL's regional brand, with services from its hubs in Manila, Clark, Cebu, and Davao. The airline was rebranded a number of times - first as Air Philippines, then Airphil Express, and finally as PAL Express. After a series of financial losses, Air Philippines ceased operations until it was acquired by investors from Philippine Airlines. After the acquisition, the airline was re-launched as PAL Express, operating some routes and slot assignments of its sister company Philippine Airlines until its management decided to rebrand the carrier as a budget airline known as Airphil Express. However, in March 2013, the airline name reverted to PAL Express. As a codeshare partner of Philippine Airlines, PAL Express operates as a full-service carrier within a low-cost business model. PAL Express is Philippine Airlines ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
All Nippon Airways
(ANA) is a Japanese airline headquartered in Minato, Tokyo. ANA operates services to both domestic and international destinations and is Japan's largest airline, ahead of its main rival flag carrier Japan Airlines. the airline has approximately 12,800 employees. The airline joined as a Star Alliance member in October 1999. In addition to its mainline operations, ANA controls several subsidiary passenger carriers, such as its regional airline ANA Wings, Air Nippon, Air Do (a low-cost carrier operating scheduled service between Tokyo and cities in Hokkaido), Air Japan and ANA & JP Express, Allex Cargo (ANA Cargo – the freighter division operated by Air Japan). ANA is also the wholly-owned shareholder in Peach (airline), Peach, a low-cost carrier joint venture with Hong Kong company First Eastern Investment Group. History Formation ANA's earliest ancestor was (also known as Nippon Helicopter and Aeroplane), an airline company founded on 27 December 1952. Nippon Helicop ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Philippine Airlines
Philippine Airlines (PAL) is the flag carrier of the Philippines. Headquartered at the Philippine National Bank, PNB Financial Center in Pasay, the airline was founded in 1941 and is the oldest operating commercial airline in Asia. Philippine Airlines launched its first flight on March 15, 1941, using a Beechcraft Model 18 aircraft from Manila to Baguio. After a brief suspension during World War II, the airline resumed operations in 1946 and became the first Asian airline to Transpacific flight, cross the Pacific, with a flight from Manila to Oakland, California. PAL was designated as the country's flag carrier in the late 1940s and expanded rapidly in the decades that followed. In 1966, PAL was privatized when then-chairman Benigno Toda Jr. acquired a majority stake. However, in 1977, the airline was re-nationalized when the Government Service Insurance System obtained the majority of its shares. The airline underwent privatization again in 1992, when it was purchased by a gro ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Victorias Milling Company
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. History Early years Victorias Milling Company (VMC), considered the Philippines' leading sugar firm and the largest sugar producer, was founded by Don Miguel Ossorio together with wife Maria Paz Yangco, Claudio Ruiz de Luzuriaga, his brother Francisco Ossorio, and Shiras Jones. Its mill and refinery facilities for sugar and allied products are in Victorias City, Negros Occidental. Established on May 7, 1919, it is one of the earliest sugar mills established in the Philippines. Two years earlier, Os ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
