SM to open mall in Trece Martires, 58th in PH | ABS-CBN

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SM to open mall in Trece Martires, 58th in PH

SM to open mall in Trece Martires, 58th in PH

ABS-CBN News

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MANILA - SM Prime Holdings, the country's biggest mall operator, said Thursday it would open its 58th branch in the Manila suburb of Trece Martires.

SM City Trece Martires is the mall chain's fifth in Cavite province south of the capital, the company told the stock exchange. It plans to expand its mall chain to 61 locally with another six in China this year.

SM Prime Holdings shares were down 1.58 percent to P24.85 in noon trading.

"SM City Trece Martires will be a great addition in the development of Cavite as we remain committed to expand towards the provincial areas," SM Prime president Hans Sy said.

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The company owned by the country's richest man, Henry Sy, aims to open five new malls this year.

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