sArevalo, Andre Goldwyn

BSA 5 7:30-9:00 PM TTH

A. COMPANY BACKGROUND
LT Group, Inc. (LTG), formerly Tanduay Holdings, Inc (THI), was
incorporated on May 25, 1937 under the name The Manila Wine
Merchants, Inc. to engage in the trading business. The Securities and
Exchange Commission (SEC) approved the change in corporate name to
Asian Pacific Equity Corporation on September 22, 1995 and the change of
its primary purpose to that of a holding company. On November 10, 1999,
the corporate name was again changed to THI. On September 28, 2012,
the SEC approved the change in the corporate name to the present one.
After a series of restructuring activities in 2012 and 2013, LTG expanded
and diversified its investments to include the distilled spirits; beverages;
tobacco; property development; and banking businesses. The Company's
subsidiaries and associates are Tanduay Distillers, Inc.; Tanduay Brands
International, Inc.; Asia Brewery, Inc.; Fortune Tobacco Corporation;
Philippine National Bank; Saturn Holdings, Inc.; Paramount Landequities,
Inc.; and Eton Properties Philippines, Inc.
LT Group, Inc. engages in diversified business activities, including
beverages, tobacco, property development and banking. It operates
through six segments: Banking, Distilled Spirits, Beverage, Tobacco,
Property Development and Others. The Banking segment provides full
range of banking and other financial services to corporate, middle market
and retail customers. The Distilled Spirits segment involves in
manufacturing, compounding, bottling, importing, buying and selling of
rum, spirit beverages, and liquor products. The Beverage segment
engages in brewing and soft drinks and bottled water manufacturing in
the Philippines. The Tobacco segment supplies and manufactures of
cigarettes, casings, tobacco, packaging, labels and filters. The Property
Development segment engages in ownership, development, leasing and
management of residential properties. The Others segment consists of
various holding companies that provide financing for working capital and
capital expenditure requirements of the operating businesses of the
Group.
B. LT GROUP, INC.S OPERATIONS
1. Beverages
The Company conducts its property development business through its
indirectly held 99.3%-owned subsidiary, Asia brewery,Inc.
2. Property Development
The Company conducts its property development business through its
indirectly held 99.3%-owned subsidiary, Eton properties.

3. Banking
The Company conducts its banking business through its indirect stake in
PNB.PNB is the fourth largest commercial bank in the Philippines as
measured in total assets loans and customer deposits.
4. Tobacco
The Company conducts its tobacco business through its interest in PMFTC,
a business combination between PMPMI and FTC.
5. Distilled Spirit
The Company conducts its distilled spirits business through its 100%owned subsidiary, Tanduay Distillers, Inc.