JG Summit's investment plan

JG Summit's investment plan

MANILA (AFX-ASIA): JG Summit Holdings Inc said it will explore
more business opportunities abroad in an effort to ensure long-
term growth and profitability.

JG said in a report to the Securities and Exchange Commission
that it intends to increase or make new investments in food
companies in Malaysia, Indonesia, Thailand and China.

It will also look at possible opportunities through
Singapore's United Industrial Corp, in which it holds a 24.27
percent stake.

"The company also wants to explore opportunities in India and
Indochina for branded consumer foods and tap opportunities in
UIC, which is based in Singapore," JG Summit said.

"The company will prioritize capital expenditure on strategic
businesses, seek long-term financing and develop partners to
access technology and reduce financial risk."

JG Summit said aside from the current joint ventures in
telecommunications, confectionery and drilling, it is still on
the lookout for potential tie-ups in the petrochemical and mobile
telephone businesses.