SM Unlikely to Add New Listing for Now

The Sy family's SM Group is far from adding a new member to its impressive roster of publicly listed companies, with its own real estate investment trust (REIT) still likely to be the next candidate—although it may not be happening anytime soon.

- By RICHMOND MERCURIO

In an interview, SM Prime executive committee chairman Hans Sy told The STAR that the SM Group, with its diverse portfolio of companies, has nothing in the pipeline in the near term for a potential initial public offering.

"We felt that with SM Prime and SM Investments, it's enough already. We don't want to split up the company too much. We'd rather be known as the representative of the Philippine market. But we will continue to make everything grow," Sy said.

SM Investments Corp. (SMIC), the holding company of the SM Group, and integrated property developer SM Prime Holdings Inc. are both listed at the Philippine Stock Exchange.