DRIVEN Marketing Group
Big Boy Sy sells P341 million SM Prime shares as foreigners load up
Big Boy Sy sells P341 million SM Prime shares as foreigners load up on property giant
Henry Sy Jr.
The fifth richest Filipino Henry “Big Boy” Sy Jr. has chipped off some of his holdings in his family’s property development arm, SM Prime Holdings (SMPH).
The SMPH chairman sold 9.2 million shares at P37.75 each on January 17. SMPH has gained 8.4 percent year to date on heavy foreign buying since the start of 2023.
Sy has P14 billion worth or 367.162 million SMPH shares remaining in his portfolio.
The ultra bilyonaryo has been paring down his SMPH holdings over the last 12 months, unloading a total of 47.137 million shares.
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