My Sights on JG Summit Holdings

I have my sights on this great company which Mr. John Gokongwei founded back in the early 1990s. Was reading a back issue of BizNewAsia Magazine published last May this year which regards as "Gokongwei Gambit". John Gokongwei's intent on acquiring the 40% shares of Petron made me interested in the oil and mining sector of the stock market. Oil is still profitable even if it has weakened for the past few days in the world market.

Saudi Aramco, a conglomerate of Saudi Royals and American companies decided to pull out the plug and sell the 40% share to interested entities through bidding of Petron. JG Summit is interested in this with their experience in the petrochemical production and business through JG Petrochemicals, Inc., A JG Summit Holdings subsidiary while London-based Ashmore Group has acquired 50% shares when Saudi Aramco finally sold it shares of Petron to this group. However, this government owned company with more than 40% control of the company also would like to sell it shares with the remaining 10% bloc to the other local small investor or other companies with interest in Petron to Ashmore or any other local investors. It was reported that some of the remaining shareholders have sold their shares to Ashmore at P 6.53 per share which is lower than expected in a already loosing companies which has a deficit of billions of pesos. See Ashmore's company profile (Ashmore).

At this moment, Petron is still under negotiations with JG Summit Holdings and will get most of those local small investors of JG Summit Holdings excited about if the acquisitions push through with the plans. You can view the articles on the business section of the Philippine Star (July 23, 2008).

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GO NEGOSYO! - The Entreprenuer Mindset In Us

Fascinated with the inspiration that these small entrepreneurs who became a big name brands in the local consumers market in Pampanga. They did have lots of hardship prior to the beginning but soon their businesses have expanded to higher measures of their businesses and also providing employment and job oppurtunities for the local folks in their community.

I attended the Go Negosyo Road Caravan in Pampanga last November 2007 wherein they featured the famous local Capampangan Entreprenuers. Here are the list of Most Inspiring Pampanga Entrepreneurs:

• Atty. Emmanuel Angeles - Angeles University Foundation
• Jaime Uy - Sentine Development Corporation
• Fatima del Rosario - Sasmuan Delicacies
  
• Jose Bituin - Betis Crafts Inc.
• Prudencio Garcia - Mekeni Food Corporation
  
• Teresa Carlos - Bank of Florida
• Peter Nepomuceno - Angeles Electric Corp.
• Michael Escaler - PASUDECO
• Lolita Hizon - Pampanga's Best
• Ryan Razon - Razon’s
  
• Wilfredo Tan - HausLand Development Corporation

Bren Z. Guiao Convention Center was jampacked from people of all walks of life, from high school and college student, investors, and small time business owners who want to hear, see and learn for themselves how these people have ventured into this type of businesses and industry and inspire themselves to be entrepreneurs of the future in keeping our economy afloat.

In my experience as an entreprenuer, it is hard at first in building your business and planning for the days ahead but somehow you put your sweat, blood and tear in making it work. Once it fly off to success it becomes evident that your goal in life has been finally achieved after all the pain and efforts in putting that business in good running condition.

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