ABS-CBN News

SMPH to list additional common shares on Friday

Posted at | Updated as of 05/15/14 9:47 PM

MANILA, Philippines - SM Prime Holdings is set to list additional 15.7 billion common shares on Friday.

In a disclosure to the stock exchange, SMPH said the listing of additional 15,773,765,315 common shares is set on May 16.

The Philippine Stock Exchange (PSE) board approved the application of SM Prime to list the additional common shares with a par value of P1 per share. This covers the merger between SMPH and SM Land, Inc., share for share swaps, and property for share swaps.