JG Summit Holdings
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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 in November 1990, JG Summit Holdings was founded by John Gokongwei Jr., one of the wealthiest individuals in Southeast Asia.[1] In 2010, JGSHI was one of the ten most profitable companies on the Philippine Stock Exchange.[2]
Companies
Manufacturing
- JG Summit Olefins Corporation[3]
- Peak Fuel Corporation[4]
- Universal Robina Corporation – is one of the largest branded consumer food and beverage product companies in the Philippines.
Real estate
- Robinsons Land Corporation
- Robinsons Malls
- Go Hotels
- Robinsons Hotels & Resorts
- Summit Hotels and Resorts
- Robinsons Offices
- RLC Residences
- Robinsons Destination Estates (Bridgetowne)
- Robinsons Logistix and Industrials, Inc.
- Singapore Land Group Limited (37.04%)[5]
Air transport
- Cebu Pacific
- LIPAD Corporation (operator of Clark International Airport) – a consortium with Filinvest Development Corporation, Philippine Airport Ground Support Solutions Inc., and Changi Airports Philippines Pte. Ltd.[6][7]
Financial
- Bank of the Philippine Islands (9.0292%)
- GoTyme Bank (joint venture with Tyme Group)[8]
Utilities
- Global Business Power Corporation (30%)
- PLDT, Inc. (11.27%)
- Meralco (29.56%)
Others
- Robinsons Retail
- Summit Media
- JG Digital Equity Ventures Inc.
- Data Analytics Ventures, Inc.
- Aspen Business Solutions Inc.
- DHL Summit Solutions Inc. (joint venture with DHL)[9]
Former businesses
- Digital Telecommunications Philippines (Digitel and Sun Cellular) – Acquired by PLDT in March 2011. As part of the deal, JG Summit will have a 12% share in PLDT. It was finalized by the National Telecommunications Commission on October 26, 2011.
- Far East Bank and Trust Company – Sold the shares to BPI during the time PCIBank was acquired by Equitable, the GSIS and the SSS.
- Philippine Commercial International Bank (PCI 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.
- Griffin's Foods (New Zealand) – sold to Intersnack, a subsidiary of German company Pfeifer & Langen.[10]
- Snack Brands Australia (Australia) – sold to Intersnack, a subsidiary of German company Pfeifer & Langen.
- SIA Engineering (Philippines) Corporation – sold the remaining 35% ownership to SIA Engineering Company.
- Robinsons Bank – merged with Bank of the Philippine Islands.
References
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Further reading
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External links
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- Gokongwei Group
- JG Summit Holdings
- Companies listed on the Philippine Stock Exchange
- Companies based in Pasig
- Conglomerate companies of the Philippines
- Conglomerate companies established in 1990
- 1990 establishments in the Philippines
- Philippine companies established in 1990
- Multinational companies headquartered in the Philippines
- Companies in the PSE Composite Index
- Family-owned companies of the Philippines