Bloomberg News

SM Prime Rises to 4-Year High on China Mall Listing Prospect

October 28, 2011

Oct. 28 (Bloomberg) -- SM Prime Holdings Inc. advanced to the highest in more than four years in Manila trading after parent SM Investments Corp. said the group plans to list its China mall business by 2015 when the venture has sufficient assets to get better value.

SM Prime increased as much as 5.4 percent to 13.60 pesos and traded at 13.10 pesos at 11:53 a.m. local time, heading for the highest close July 2007. The benchmark Philippine Stock Exchange Index gained 1.5 percent.

To contact the reporter on this story: Ian Sayson in Manila at isayson@bloomberg.net

To contact the editor responsible for this story: Matthew Oakley at moakley@bloomberg.net


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