JG Summit Holdings

JG Summit Holdings, Inc (JGSHI) 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. Key subsidiaries include Universal Robina and Cebu Pacific. Incorporated on November 1990, it was founded by John Gokongwei Jr., one of the wealthiest individuals in Southeast Asia.[2] In 2010, JGSHI was one of the ten most profitable companies on the Philippine Stock Exchange.[3]

JG Summit Holdings, Inc
Public
Traded asPSE: JGS
ISINPHY444251177 
IndustryVarious
Founded1990 (1990)
FounderJohn Gokongwei Jr.
HeadquartersRobinsons Equitable Tower, Pasig,
Philippines
Key people
  • James L. Go (chairman and​ CEO)
  • Lance Y. Gokongwei​ (president and COO)
ProductsPetrochemicals
Services
Revenue$2.830 billion USD (2010)[1]
$375 million USD (2010)
SubsidiariesUniversal Robina
Robinsons Land Corporation
Cebu Pacific
United Industrial Corporation Limited
Robinsons Bank
JG Summit Petrochemical Corporation
LIPAD Corporation
Websitehttp://jgsummit.com.ph/

Companies

Manufacturing
  • Universal Robina Corporation - is one of the largest branded consumer food and beverage product companies in the Philippines.
  • JG Summit Petrochemical Corporation
  • JG Summit Olefins Corporation

Real estate
  • Robinsons Land Corporation (including Robinsons Malls)
  • United Industrial Corporation Ltd. (Singapore) - 37% ownership

Air transport

Financial

Utilities
  • PLDT, Inc. (8%)
  • MERALCO (29.6%)
  • Global Business Power Corporation (30%)

Others
  • Summit Hotels and Go Hotels
  • Summit Media
  • iTech Global Business Solutions, Inc.

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 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.
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References
  1. JG Summit Holdings 2006 Annual Report Archived 2007-09-28 at the Wayback Machine
  2. Doebele, Justin (September 8, 2005). "Southeast Asia's 40 Richest". Forbes.
  3. "Year End Report - Transco, telcos, economic growth". Manila Times. 2006-12-31. Archived from the original on October 17, 2007. Retrieved 2007-01-03.
  4. "Lipad Corporation takes over Clark airport operations". Rappler. 18 August 2019. Retrieved 20 September 2019.
  5. Orejas, Tonette (16 August 2019). "Lipad consortium takes over Clark airport". Philippine Daily Inquirer. Retrieved 20 September 2019.

Further reading
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