Kalpana Kalpana (Editor)

JG Summit Holdings

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Type
  
Public (PSE)

Industry
  
Conglomerate

CEO
  
James L. Go (1 Jan 2002–)

Founded
  
1957

Traded as
  
PSE: JGS

Headquarters
  
Pasig, Philippines

Founder
  
John Gokongwei

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)

Subsidiaries
  
Universal Robina, Cebu Pacific

Jg summit holdings inc


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. It was one of the ten most profitable companies on the Philippine Stock Exchange for 2010.

Contents

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 Corporation
  • JG Summit Petrochemical Corporation
  • Philippine Long Distance Telephone Company (PLDT; Minority Stake)
  • Meralco (27.1% Stake)
  • i-Tech Global Business Solutions, Inc.
  • Summit Hotel/Go Hotel

    • Partner Companies

  • Summit Media
  • JobStreet.com

    • 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.

    • References

    JG Summit Holdings Wikipedia
    (Text) CC BY-SA


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