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SM Prime Holding

SM Prime Looking at REIT to Solidify its Overseas Market Presence

SM Prime Looking at REIT to Solidify its Overseas Market Presence

SM Prime Holdings has shared that it is seriously looking at the option of putting in some of its Hong Kong based assets and properties under a Chinese Real Estate Investment Trust, a move with which the firm is looking to solidify its presence in the overseas market.

The REIT option is an alternative to an offshore public listing, but the company has not completely ruled that one out as yet.

SM Prime Looking to Solidify Overseas Market Presence

SM Prime Looking to Solidify Overseas Market Presence

In order to solidify and boost its market presence overseas, SM Prime Holdings is now looking to put the assets owned by its Hong Kong based property under Real Estate Investment Trust in China.

The move is being viewed as an alternative to a major offshore public listing, something that the country's largest mall operator has not ruled out yet.