Research Activity #1
Research Activity #1
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LAW232- Research Activity #1
Background Overview: Aboitiz Equity Ventures, Inc. operates as a holding company. It operates
through the following segments: Power, Food Manufacturing, Financial Services, Real Estate,
and Infrastructure. The Power segment includes distribution and retail of electricity supply. The
Food segment involves in the agricultural and food business. The Financial Services segment
focuses on the financial and banking services. The Real Estate segment develops residential,
commercial and industrial communities. The Infrastructure segment consists of infrastructure and
infrastructure-related investments. The company was founded on September 11, 1989 and is
headquartered in Taguig, Philippines.
Today, it is recognized as one of the best-managed companies in the Philippines and in the
ASEAN region, consistently cited for its commitment to good corporate governance and corporate
social responsibility. With five generations of success behind it, AEV is currently undergoing a
Great Transformation to become the Philippines’ first techglomerate. Amidst this evolution, Aboitiz
remains committed to its core mission of driving change for a better world by advancing
businesses and communities.
Subsidiaries: Aboitiz Power Corporation, Pilmico Foods Corporation, Aboitiz Land, Inc.
Background Overview: Jollibee Foods Corp. engages in the development, operation, and
franchising fast food stores under the trade name Jollibee. It operates through the following
segments: Food Service, Franchising, and Leasing. The Food Service segment operates quick
service restaurants and the manufacture of food products to be sold to Jollibee Group-owned
and franchised QSR outlets. The Franchising segment franchises the Jollibee Group's QSR
store concepts. The Leasing segment leases store sites mainly to the Jollibee Group's
independent franchisees. The company was founded by Tony Tan Caktiong in 1975 and is
headquartered in Pasig City, Philippines.
Aside from the subsidiaries that develop and operate the Company's QSR trade names, JFC
wholly owns Freemont Foods Corporation, which owns and operates Jollibee stores in Visayas
and Mindanao, and Grandworth Resources Corporation, a real estate company which owns or
leases some of the properties used as store sites.
By the end of 2022, there were 1,204 Jollibee stores nationwide, of which 768 were franchised
and 436 were Company-owned. On international operations, Jollibee had 378 stores with 61
stores in the US, 25 in Canada, one in Guam, two in Italy, 12 in United Kingdom, 155 in Vietnam,
19 in Brunei, 21 in Hong Kong, 18 in Singapore, four in Macau, six in Malaysia, one in Spain,
and 53 in the Middle East.
Background Overview: 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 beverages; tobacco; property development; and banking
businesses.LT Group, Inc. engages in diversified business activities, including distilled spirits,
beverages, tobacco, property development and banking. It operates through five segments:
Banking, Distilled Spirits, Beverage, Tobacco, and Property Development. The Banking
segment provides a range of banking and other financial services to corporate, middle market
and retail customers. The Distilled Spirits segment is involved in manufacturing, compounding,
bottling, importing, buying and selling of rum, brandy, whiskey, gin, and other liquor products.
The Beverage segment engages in brewing and soft drinks and bottled water manufacturing in
the Philippines. The Tobacco segment supplies and manufactures cigarettes, casings, tobacco,
packaging, labels and filters. The Property Development segment includes the ownership,
development, leasing and management of residential properties. The company is
headquartered in Taguig, Philippines.
MREIT, Inc. engages in investments in income-generating real estate that meets a select set
of criteria. These criteria include location, property grade and type, and tenant profile. Its
townships include Eastwood City, Iloilo Business Park, and McKinley Hill. The company was
founded in 1989 and is headquartered in Taguig City, Philippines.
Megaworld Corporation (MEG) was incorporated on August 24, 1989 to engage in real
estate development, leasing and marketing. In 1996, the Company shifted its focus to
providing office buildings to support BPO businesses when it began development of the
Eastwood City township. On August 19, 1999, MEG changed its corporate name to the
present one to coincide with its conversion from a purely real estate company into a
holding company, although the Company continues to focus on real estate development.
Global-Estate Resorts