EMETERIO SD. PEREZ

SM Investment Corp. (SMIC) listed in a general information sheet (GIS) as of end-2017 at least 29 companies that it either owns, controls or are only its affiliates. Unfortunately for the public, they would not know if, as the listed flagship of businessman Henry Sy Sr. and his family, SMIC owns 100 percent of just a few or maybe all of those firms.

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