JG Summit looks to take flight

The Philippine conglomerate tells FinanceAsia that it is looking to bulk up in areas in which it is already operating but is wary of dabbling in too many businesses.

JG Summit looks to take flight
Lance Gokongwei (L) and his father John Gokongwei.

Lance Gokongwei, the president and chief operating officer of JG Summit, ushers us into his office at Robinsons-Equitable Tower in Manila, stacked with papers, airplane models and a cupboard full of snacks produced by JG Summit’s subsidiary Universal Robina Corp. Despite being the only son of one of Philippines wealthiest men John Gokongwei he remains down-to-earth and understated.

Speaking quietly, he told FinanceAsia about how his father, who left Xiamen, China at a young...

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