Philippine Billionaire Sy Family’s SM Investments Sets $1 Billion Record Stock Buyback
SM Investments—the holding company of the family of the late retail billionaire Henry Sy Sr—will spend $1 billion to buy back its shares, which are trading at a two-year low.
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From shoe store to Philippines’ largest conglomerate: how Sy family builds, sustains empire
The Philippines’ Sy family empire began with a shoe store founded by late billionaire Henry Sy Sr ... is the Philippines’ largest by market value and owns several of the country’s biggest ...
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Philippine Billionaire Sy Family’s SM Prime Earmarks $1.7 Billion To Expand Property Footprint
The group traces its roots to Henry Sy Sr., who sold overrun shoes in 1958 at a store in Manila he aptly called Shoemart. Following Sy’s death in 2019, his six children—Teresita, Elizabeth ...