JG Summit Holdings

JG Summit Holdings

Type	Public (PSE)[1]
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]
Net income	$375million USD (2010)
Website	http://jgsummit.com.ph/

JG Summit Holdings, Inc (PSE: JGS) 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, who is one of the richest persons in Southeast Asia.^[3] It was one of the ten most profitable companies on the Philippine Stock Exchange for 2010.^[4]

Contents 1 Companies Under JG Summit Holdings 2 Partner Companies 3 Former Businesses 4 See also 5 References 6 Further reading 7 External links

Companies Under JG Summit Holdings

• Universal Robina
• Robinsons Land (including Robinsons Malls)
• Cebu Pacific
• Digital Telecommunications Philippines (Digitel and Sun Cellular)
• United Industrial Corporation Limited (A Singapore listed company)
• Robinsons Bank
• JG Summit Petrochemical Corporation

Partner Companies

• Robinsons Retail Group
• 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.

See also

• John Gokongwei

References

Further reading

• Austria, Jenniffer B. (November 15, 2006). "JG Summit income surges 128% to P5.6b". Manila Standard Today. http://www.manilastandardtoday.com/?page=business2_nov15_2006. 
• Austria, Jenniffer B. (June 30, 2006). "JG Summit borrowing $600m for petrochem". Manila Standard Today. http://www.manilastandardtoday.com/?page=business02_june30_2006. 
• "JG Summit Holdings, Inc. Unit Announces $240 Million Share Sale". Reuters. February 7, 2006. http://today.reuters.com/stocks/KeyDevelopments.aspx?symbol=JGS.PS. 
• Macuja, Ana Marie (February 15, 2006). "JGS slates new share offer for RLC (free article preview)". Manila Bulletin. http://www.highbeam.com/doc/1G1-142073696.html. 

External links

• Google Finance profile of JG Summit Holdings, Inc.
• JG Summit corporate website

PSE Composite Index companies of Philippines Aboitiz Equity Venture Aboitiz Power ABS-CBN Alliance Global Group, Inc. Ayala Corporation Ayala Land BDO BPI DMCI Holdings Energy Development Corporation Filinvest Land First Gen First Philippine Holdings Globe ICTSI JG Summit Holdings Jollibee Lepanto Consolidated Mining Company Metrobank Megaworld Meralco Metro Pacific Investments Manila Water Philex Mining Corporation Robinsons Land Corporation Security Bank SM Investments SM Prime PLDT Universal Robina