SM Group, the business empire of tycoon Henry Sy Jr., has decided to merge its property businesses into one real-estate giant firm, with the surviving entity, SM Prime Holdings Inc., having the biggest market capitalization of about $14 billion in the country.
The boards of directors of SM Investments Corp. (SMIC) and SM Prime announced that they are consolidating property-related businesses of SMIC, under SM Prime, the Philippines’ leading shopping mall owner and operator.
Already have an active account? Log in here.
Continue reading with one of these options:
Continue reading with one of these options:
Premium + Digital Edition
Ad-free access
P 80 per month
(billed annually at P 960)
- Unlimited ad-free access to website articles
- Limited offer: Subscribe today and get digital edition access for free (accessible with up to 3 devices)
TRY FREE FOR 14 DAYS
See details
See details
If you have an active account, log in
here
.