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Philippine mall giant eyes China expansion

Thursday, April 16, 2015 - 05:50
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"It's the middle market. The (Chinese) government guideline is they don't want super luxurious condos anymore," said Mr Sy.

Manila

PHILIPPINE shopping mall giant SM Prime, owned by the country's richest man, plans to invest 200 billion pesos (S$6.1 billion) over the next two years locally and in China, the company said on Tuesday.

The expansion programme is aimed at doubling its earnings from the 2013