LT Group, Inc. Sells Asian Alcohol Corporation Interest to Prior Holdings Corp

​Tanduay Distillers, Inc., a wholly owned subsidiary of LT Group, Inc., holding 94.74% of the total issued and outstanding capital stock of Asian Alcohol Corporation (AAC), sold all its interests in AAC to Prior Holdings Corp.

Asian Alcohol Corp manufactures alcoholic beverages. The Company serves customers in Philippines.
​
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. The Company's subsidiaries and associates are Tanduay Distillers, Inc.; Asia Brewery, Incorporated; Fortune Tobacco Corporation; Philippine National Bank; Saturn Holdings, Inc.; Paramount Landequities, Inc.; and Eton Properties Philippines, Inc.