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Henry Sy Group of Companies
Transcript of Henry Sy Group of Companies
Group of Companies
SM Super malls
Owned by SM Prime Holdings, Inc., It is a chain of shopping malls in the Philippines, with 43 malls across the Philippines as well as branches in China.
San Miguel Corporation
Established in 1890 as a brewery, San Miguel Corporation (SMC) is Southeast Asia's largest publicly listed food, beverage and packaging company
SM Development Corporation
SM Development Corporation operates in the Real estate agents and managers sector.
Banco De Oro
BDO is a full-service universal bank in the Philippines. It has the ability to provide a complete array of industry-leading products and services.
Belle Corporation and Highlands Prime Inc.
It is a leading Philippine developer of high-end residential and leisure properties.
(60% bought recently)
Henry Sy, Sr. has acquired and recently gained control of the 108-year-old National University (NU) in Sampaloc, Manila.
Started by Henry Sy, Sr. in 1958 as Shoemart, with a store in Manila. In 1960's Shoemart expands its shoe store chain. It is one of the pioneers in the new urban centers in Makati and Cubao.
Was born on December 25, 1924 in Xiamen, China
Migrated to the Philippines and started selling rejected and overrun shoes from Tondo
Earned his Associate of Arts degree in Commercial Studies at Far Eastern University in 1950.
In 1958, Sy established a shoe store in Quiapo, Manila
It is now known as SM Quiapo, also known as "SM Clearance Outlet"
As of June 2012, he is the richest man in the Philippines with a net worth of $9.1 Billion, claiming the second spot, is Lucio Tan with $4.5 Billion net worth.
Services / Products
* Fast Food Chains
* Food stalls
* Food Court
Entertainment and Leisure
* Ice Skating Rink
* Bowling Alley
* Gaming Centers
It started in 1974 as Ayala Fund, Incorporated.
In 1986, SM Group of Companies became the majority shareholder and renamed it to SM Fund, Inc.
Projects and Services
Beside SM North Edsa
Sy is the operator of BDO and Chinabank
In 2006, he bought Equitable PCI Bank
and merged it with BDO in 2007.
Deposits and Investments
Plans include a new eight-story building inside the university campus and the renovation of some old buildings.
* Higher Education Courses eg. Engineering, Architecture, Education, Liberal Arts, Science and Management
Sy sold his 11% stake in San Miguel Corporation, for $680 million.