JG Summit Holdings
 | |
| Public (PSE)[1] | |
| Traded as | PSE: JGS |
| Industry | Conglomerate |
| Founded | 1957 |
| Headquarters | Pasig City, 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 Corporation 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
- Universal Robina
- Robinsons Land (including Robinsons Malls)
- Cebu Pacific
- Aviation Partnership Philippines - 49% ownership
- SIA Engineering (Philippines) Corporation - 35% ownership
- United Industrial Corporation Limited (A Singapore listed company)
- Robinsons Bank
- JG Summit Petrochemical Corporation
- Philippine Long Distance Telephone Company (PLDT; Minority Stake)
- Meralco (27.1% Stake)
- i-Tech Global Business Solutions, Inc.
Partner Companies
Former Businesses
- 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 the Philippine Long Distance Telephone Company (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
References
- ↑ "Company Profile for JG Summit Holdings Inc". Reuters. Retrieved 2007-01-03.
- ↑ JG Summit Holdings 2006 Annual Report
- ↑ Doebele, Justin (September 8, 2005). "Southeast Asia's 40 Richest". Forbes.
- ↑ "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
- Austria, Jenniffer B. (November 15, 2006). "JG Summit income surges 128% to P5.6b". Manila Standard Today.
- Austria, Jenniffer B. (June 30, 2006). "JG Summit borrowing $600m for petrochem". Manila Standard Today.
- "JG Summit Holdings, Inc. Unit Announces $240 Million Share Sale". Reuters. February 7, 2006.
- Macuja, Ana Marie (February 15, 2006). "JGS slates new share offer for RLC (free article preview)". Manila Bulletin.
External links
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