{"id":330116,"date":"2024-10-29T01:26:46","date_gmt":"2024-10-28T17:26:46","guid":{"rendered":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/?p=330116"},"modified":"2024-10-29T01:26:51","modified_gmt":"2024-10-28T17:26:51","slug":"trade-the-news-ltg-unloads-stake-in-inactive-business-asian-alcohol","status":"publish","type":"post","link":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/trade-the-news-ltg-unloads-stake-in-inactive-business-asian-alcohol\/","title":{"rendered":"Trade the News: LTG unloads stake in inactive business Asian Alcohol"},"content":{"rendered":"\n<figure class=\"wp-block-table is-style-stripes\"><table><tbody><tr><td><strong>Potential Impact of this News<\/strong><\/td><td><strong>POSITIVE on the stock price<\/strong><\/td><\/tr><tr><td><strong>Company<\/strong><\/td><td>LT Group Inc.<\/td><\/tr><tr><td><strong>Stock Code<\/strong><\/td><td>LTG<\/td><\/tr><tr><td><strong>Long-term Recommendation on the Stock<\/strong><\/td><td>Hold<\/td><\/tr><tr><td><strong>1-Year Target Price<\/strong><\/td><td>PHP 8.77<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<div style=\"height:26px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<p>Lucio Tan-owned liquor company Tanduay Distillers Inc. has unloaded its entire stake in alcohol unit Asian Alcohol Corp. (AAC).<\/p>\n\n\n\n<p>In a stock exchange filing, LT Group Inc. (LTG) said Tanduay sold all its interests in AAC to Prior Holdings Corp.<\/p>\n\n\n\n<p>Tanduay is a wholly owned subsidiary of Tan\u2019s LT Group holding 94.7 percent stake in AAC \u2013 a manufacturer of rectified and denatured alcohol.<\/p>\n\n\n\n<p>Prior Holdings, meanwhile, is an existing shareholder of AAC.<\/p>\n\n\n\n<p>The LT Group did not discuss more details of the transaction.<\/p>\n\n\n\n<p>Back in 2022, sugar miller Victorias Milling Co. Inc. signed a sale and purchase agreement with Tanduay, Prior Holdings Inc. and Castelbridge Investment Corp. to acquire 100 percent of the outstanding capital stock of AAC.<\/p>\n\n\n\n<p>However, in December of the same year, LT Group announced that the transaction was not pushing through \u201cin view of recent global as well as local economic and political events affecting the relevant industries.\u201d<\/p>\n\n\n\n<p><em>(News Source: <a href=\"https:\/\/www.philstar.com\/business\/2024\/10\/28\/2395690\/tanduay-unloads-stake-asian-alcohol\">Philippine Star<\/a>)<\/em><\/p>\n\n\n\n<div style=\"height:26px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<p style=\"font-size:16px\"><em><em><em>This report is prepared by PinoyInvestor\u2019s partner broker below. Find out more about <a href=\"https:\/\/www.pinoyinvestor.com\/smartinvestor\/our-partner-brokers\/\">our partner brokers<\/a> and sign up to avail their complete trading brokerage services.<\/em><\/em><\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Take advantage of the price opportunity that might arise when the news hits. Trade the news!<\/p>\n","protected":false},"author":11,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1371],"tags":[],"class_list":["post-330116","post","type-post","status-publish","format-standard","hentry","category-trade-the-news","generate-columns","tablet-grid-50","mobile-grid-100","grid-parent","grid-33"],"_links":{"self":[{"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/posts\/330116","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/users\/11"}],"replies":[{"embeddable":true,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/comments?post=330116"}],"version-history":[{"count":1,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/posts\/330116\/revisions"}],"predecessor-version":[{"id":330118,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/posts\/330116\/revisions\/330118"}],"wp:attachment":[{"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/media?parent=330116"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/categories?post=330116"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/tags?post=330116"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}