For its outstanding development and operations management capabilities of integrated properties, and the contributions it has made to the economic and trade cooperation between China and ASEAN (Association of Southeast Asian Nations), SM Prime Holdings Co.,Ltd. earned the recognition again as one of Top Ten Successful ASEAN Enterprises Entering China given by CABC (China-ASEAN Business Council).
Gary Yeo, SM China CEO, received the trophy presented by Liu Guchang, Former Chinese Foreign Minister and President of China Foundation for International Studies at the ceremony held in Beijing on Feb.5th, 2015.
“It is a great honor for us to win ‘Top Ten Successful ASEAN Enterprises Entering China’ the second time. This meaningful award not only recognized SM’s achievements in China, but also encouraged us to drive for further progress. SM will continue its investment and development in China and contribute itself to deeper cooperation between China and ASEAN.” Mr. Yeo said.
CABC is one of the five main dialog cooperation mechanisms between China and ASEAN. To further promote the mutually beneficial cooperation between Chinese and ASEAN enterprises, and with the support of CCPIT, Ministry of Commerce of China, ASEAN Ambassadors to China and other relevant parties, China-ASEAN Business Council (CABC) held the event of 2014 Chinese Enterprises Entering ASEAN and ASEAN Enterprises Entering China. Present at the event were about 300 participants, including ASEAN Ambassadors and Commercial Counselors to China, representatives from chambers of commerce of ASEAN countries in China, officials from relevant Chinese government departments, heads of Chinese national associations and chambers of commerce, entrepreneurs and experts, media from China and ASEAN countries. After thoughtful selections of each party, SM Prime and 9 other ASEAN enterprises entering China finally stood out among numerous strong candidates. CABC spoke highly of SM Prime: SM Prime is a great contributor to the economic and trade cooperation between ASEAN and China. It has facilitated the local economic growth while continuously fulfilling its social responsibilities. SM Prime is an influential ASEAN representative enterprise.”
SM recognized as “2014 Top Ten Successful ASEAN Enterprises Entering China”
Gary Yeo, SM China CEO received the trophy on behalf of SM
SM Group, composed of 7 listed companies, is one of the largest listed companies in the Philippines and one of the largest integrated property developers in Southeast Asia, established in 1958 by Mr. Henry Sy, Sr., a Filipino of Chinese descent. SM’s major businesses cover areas of mall operation, hotel, retail (supermarkets, department stores and brand stores), tourism, banking and financial services.
SM Group was founded by Mr. Henry Sy, Sr. in 1958. After over 20 years’ development, SM Group now has 55 large-scale shopping centers in the Asia. SM Group possesses three of the world’s top ten shopping centers: SM Megamall, SM City North EDSA and SM Mall of Asia.
Since entering the Chinese market, SM Group has set up shopping centers in Xiamen, Jinjiang, Chengdu, Suzhou, Chongqing, Zibo, Tianjing, Changzhou and Yangzhou cities. These projects have demonstrated the goal and impact of SM Group’s strategy to build "new centers of urban life" and have improved local business facilities and quality of life.