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On the plane from the United States back to Manila in late 2019, Lucio “Han” Tan III, the grandson and namesake of the taipan, then 27, already knew he had to fill the huge void left by his father, Lucio “Bong” Tan II in the Tans’ sprawling business conglomerate.
LT Group Inc., the listed holding company of taipan Lucio Tan, is allocating a higher capital spending budget for 2022 given the company’s improved prospects for the year.
Taipan Lucio “Kapitan” Tan’s sprawling business empire marks a new chapter in its long, winding saga with the rebirth of Philippine Airlines in a glittering 81st anniversary celebration last week.