PROJECT

Projects

Summary of Investment Information

Project Number

35471

Company Name

TCG HOLDINGS INC.

Date SPI Disclosed

Dec 10, 2014

Country

Philippines

Region

East Asia and the Pacific

Projected Board Date

Jan 19, 2015

Environmental Category

B - Limited

Status

Active

Last Updated Date

Nov 30, 2016

Department

Regional Industry - MAS Asia & Pac

Industry

Health, Education and Life Sciences

Previous Events

Approved : Mar 13, 2015
Signed : May 21, 2015
Invested : Jun 8, 2015

Sector

Colleges, Universities, and Professional Schools

Project Description

TCG Holdings, Inc (“TCG” or the “Company”) is a Philippine holding company with interests in food service and manufacturing, hotel operations and education. These operations are owned by four operational companies: (i) Cravings Food Services Inc. (“Cravings”), (ii) Innkeepers Inc. (“Innkeepers”, a hotel operator), (iii) CNA Culinary Services Inc. (“CCA”, an education provider specialising in culinary arts), and (iv) the Asian School of Hospitality Arts (“ASHA”, an education provider specialising in hospitality). The group’s operations started when Cravings Bakeshop was established in 1989.

TCG is undertaking an expansion project to grow both its education business line and its food service operations.

Project

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation