SM Prime to Open Fourth Shopping Mall in China, Planning More

SM Prime HoldingsInc. will open its fourth shopping mall in China tomorrow, the company said in a disclosure to the stock exchange today.

“The company intends to open several more new malls in China in the coming years,” SM Prime President Hans Sy said.

SM City Suzhou in Jiangsu Province has a gross floor area of 72,552 square meters, 89 percent of which have been awarded to tenants, SM Prime said.

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