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Gaw Capital Partners and Patience Capital Group Complete Acquisition of an Iconic Mall in Central Ginza, Tokyo


TOKYO, JAPAN – Media OutReach Newswire – 7 February 2025 – Real estate private equity firm Gaw Capital Partners today announced that the firm, through a fund under its management and investment from co-investors, has partnered with Patience Capital Group (PCG) to form a joint venture for the acquisition and management of prime retail asset “Tokyu Plaza Ginza” in Ginza 5-chome, Tokyo, Japan. Gaw Capital holds 91% of the venture while PCG holds the other 9%.

Tokyu Plaza Ginza
Tokyu Plaza Ginza

Completed in 2016, Tokyu Plaza Ginza has a gross floor area of 15,153 tsubo (50,093 sqm). It has direct access to Ginza Station and is a short walk from JR Yurakucho Station. The mall is surrounded by flagship stores of luxury brands, renowned department stores and upscale hotels, in the heart of one of Tokyo’s most prestigious shopping districts. The asset is one of the largest and rarest retail facilities in Ginza, occupying a high-street footprint of over 1,139 tsubo and spanning an entire block with four-sided frontage. Its unparalleled location offers exceptional accessibility and prestige.

Tokyo retail sales volume continued to outperform, fueled by robust spending on luxury goods by increasing number of tourists and the yen depreciation. Furthermore, domestic consumption in Japan benefits from the positive wage growth outlook. With the government’s planned revitalization of the adjacent Tokyo Expressway (KK Line) into a green pedestrian walk, known as the Tokyo Sky Corridor (High Line) that is set to partially open in 2029, it is expected to further enhance the potential value of Tokyu Plaza Ginza.

Isabella Lo, Managing Director, Principal – Investments and Head of Japan at Gaw Capital, commented, “We are thrilled to acquire this iconic retail asset in Ginza, Tokyo. Our partnership with Patience Capital Group brings together synergies that will maximize the value of this iconic asset. By combining Patience Capital Group’s ability to source unique opportunities and Gaw Capital’s extensive retail experience, we are confident in our ability to reposition the mall as a premier retail destination. With favorable macroeconomic fundamentals supporting Japan’s retail sector, this is a highly opportune time to invest.”

Alvin Lo, Managing Director, Principal – Asset Management at Gaw Capital, added, “Leveraging the firm’s extensive expertise in retail value-add strategies, Gaw Capital is excited to lead the asset management strategy and leasing of the asset. The business plan involves transforming the mall into a vibrant, brand-new retail destination with a refreshed tenant mix and a coherent concept.”

Ken Chan, Founder and CEO, Patience Capital Group said, “We are excited about our partnership with Gaw Capital. PCG’s extensive relationships in Japan gives us unique access to off-market opportunities. These deep connections were key in helping us source and put together this deal. With the Japanese retail sector’s resilient demand, Gaw Capital’s retail experience and PCGs track record of working with brands to craft the ideal tenant mix, we look forward to leveraging our combined strengths to unlock the potential of this exceptional asset.”Hashtag: #GawCapitalPartners

The issuer is solely responsible for the content of this announcement.

About Gaw Capital Partners

Gaw Capital Partners is a uniquely positioned private equity fund management company focusing on real estate markets in Asia Pacific and other high barrier-to-entry markets globally.

Specializing in adding strategic value to under-utilized real estate through redesign and re-positioning, the firm’s investments span the entire spectrum of real estate sectors, including residential development, commercial offices, retail malls, hospitality, logistics warehouses and IDC projects.

Since its inception in 2005, Gaw Capital has raised seven commingled funds targeting Asia Pacific regions. The firm also manages value-add/opportunistic funds in the US, a Pan-Asia hospitality fund, a European Hospitality Fund, a Growth Equity Fund, and it also provides services for credit investments and separate account direct investments globally.

Gaw Capital has raised equity of US$22.9 billion since 2005 and commanded assets of US$35.8 billion under management as of Q3 2024.

The acquisition underscores Gaw Capital’s steadfast dedication to seizing opportunities in Japan’s vibrant market. The firm continues to identify high-potential assets and create exceptional value through innovative asset management strategies in the region. With approximately JPY 655 billion (US$ 4.7 billion) in assets under management across Japan, Gaw Capital’s portfolio is now diversified across office, retail, residential, hotel, data centers, and logistics sectors.

Gaw Capital has vast expertise in retail asset management, with a proven track record in transforming and enhancing the value of retail properties. Its retail portfolio includes prestigious high-end malls such as Sanlitun in Beijing, the Florentia Village outlet platform across mainland China, community malls in Hong Kong, and prominent high-street retail properties in Tokyo’s Omotesando.

About Patience Capital Group

Established in 2019, Patience Capital Group (PCG) is a visionary real estate and private

equity investment manager, widely regarded as experts in Japanese real estate.

PCG has cultivated deep relationships with brands, businesses, corporates, and financial institutions both in Japan and across the globe. These relationships serve as a strategic cornerstone that empowers the firm to create a robust investment ecosystem and provide access to off-market opportunities.

Leveraging its vast networks and best-in-class deal sourcing and execution capabilities, PCG’s funds invest in acquiring and developing tourism-related assets across Japan, and high-quality residential assets in and around the Tokyo metropolitan area. PCG manages commercial, hospitality and residential assets – from inception, through development to refurbishment, branding and tenanting.

The team has a collective investment track record of 70 years’ experience in Japan real estate & private equity, having invested over US$20 billion across various real estate classes. Additionally, PCG offers real estate development advisory and project consulting services.

For more information, please visit .

Forest City Receives One More Good News, Digital Status Empowers Regional Development

ISKANDAR PUTERI, Malaysia, Feb. 6, 2025 /PRNewswire/ — In recent years, Malaysian government has elevated the digital economy to a national strategic height, aimed at attracting companies, talent, and investment.

Aerial view of Forest City Island 1
Aerial view of Forest City Island 1

The digital economy is essential in driving economic growth and enhancing international competitiveness.

With Forest City’s approval of the Malaysian Digital Status, eligible digital enterprises in fields such as artificial intelligence, big data, the Internet of Things, network security, blockchain, unmanned aerial vehicles, and creative media can enjoy a number of incentives, such as corporate income tax exemptions.

The approval of the incentives will comprehensively enhance the value of Forest City. Investment made by high-tech enterprises will trigger a chain reaction, driving related industrial chains such as software development, hardware manufacturing, and information technology services, injecting a progressive source of economic growth momentum into Forest City and even the region.

With the attention from global investors, the office products in the Forest City Financial Center Building are selling extremely well despite current landscape of surplus supply with deficit demand. In response to market demand, Forest City launched multi-functional shops in Cerulean Bay in January. These shops can be used not only for daily business operations but also for office purposes, demonstrating higher cost – effectiveness and practicality. With the SOFO (Small Office, Flexible Office) layout design, there are various segments ranging from 121 to 922 square meters available for selection, which is very suitable for small and medium-sized enterprises. Larger units can also be divided into multiple units for self-use or rental, meeting diversified office needs.

Bowtie Collaborate with Gleneagles Hospital Hong Kong and Pfizer Hong Kong to Promote Health Education

Aims to boost health awareness for migraine, disease impacting over 900,000 Hongkongers[1]

HONG KONG, Feb. 7, 2025 /PRNewswire/ — Bowtie, Hong Kong’s first virtual insurer[2], collaborates with Gleneagles Hospital Hong Kong and Pfizer Hong Kong to promote health education. With the aim of encouraging citizens to address their health conditions, identifying the causes early, and improving their quality of life; the three parties will provide free health education information, simple online self-assessments, and support for professional medical consultations.

The Primary Healthcare Blueprint indicates that only about 23%[3] of the Hong Kong population has a regular family doctor, making it difficult for family doctors to play a significant role in medical coordination and referral at the community level; this also reflects the difficulty for the general public to understand their own health conditions. Without professional knowledge, individuals may suffer from diseases without being aware of them.

Migraine is one of the most easily overlooked diseases. Studies show that there are over 1 billion migraine patients worldwide[4], with a high incidence rate in Hong Kong at 12.5%[5], meaning that 1 in every 8 individuals is affected, equating to over 900,000 patients in Hong Kong. Migraine is classified as the “second leading cause of disability in the world”[6], it can cause moderate to severe headaches, accompanied by symptoms such as nausea, vomiting, phonophobia, and photophobia, lasting for 4 to 72 hours, significantly affecting patients’ lives[7].

Reference to a previous local survey on the recognition and treatment of migraine[8], most respondents have misconceptions about migraine, such as assuming it cannot be cured or prevented, considering it only affects one side of the head, and won’t last for a long time. Regarding migraine, only a few patients actively seek medical support, while others self-medicate with painkillers. Inadequate control of their condition can lead to “chronic migraine”, resulting in more than 15 headache days per month which would persist for over 3 months; while frequent and indiscriminate use of painkillers can also lead to “medication overuse headache”, worsening the condition.

Recognizing these issues, Bowtie, Gleneagles Hospital Hong Kong, and Pfizer Hong Kong advocate for health education to raise awareness about migraine, with the objective of enhancing public understanding of migraine, the three parties will plan to hold offline health seminars, creating educational materials such in written and video format.

Additionally, to help potential patients identify their health problems, Pfizer Hong Kong will provide a simple online self-assessment for general public. Users only need to answer five questions to preliminarily understand their migraine health status; Bowtie customers identified as high-risk through the self-assessment will have the opportunity to receive a half-priced outpatient consultation discount with a one-on-one medical consultation with neurology specialist at Gleneagles[9].

Mr. Fred Ngan, Co-founder of Bowtie, stated, “As an online insurance company, Bowtie places great emphasis on insurance and health education. We are delighted to collaborate with Gleneagles Hospital Hong Kong and Pfizer Hong Kong to make previously hard-to-access information transparent, significantly increasing people’s awareness of migraines and the importance of their health, thus encouraging them to seek professional support.”

Dr. Kenneth Tsang, Chief Executive Officer of Gleneagles Hospital Hong Kong and Regional Chief Executive Officer of IHH Healthcare North Asia, said, “Gleneagles Hospital Hong Kong is committed to providing quality medical services while actively promoting the development of primary healthcare through various initiatives, including health education, to enhance public awareness of different diseases and health consciousness. Through this collaboration with Bowtie and Pfizer Hong Kong, we believe that people’s understanding of migraines will be deepened and those in need will be able to receive timely and professional medical support.”

Mr. Krishnamoorthy Sundaresan, General Manager of Pfizer Hong Kong and Macau, said, “Pfizer Hong Kong has always been committed to bringing patients innovative breakthroughs that change their lives. We understand that migraines not only cause physical distress, but also seriously affect patients’ quality of life, including work, study, leisure, and social activities. Therefore, we believe this collaboration will significantly increase public awareness on this disease and its subsequent burden, encouraging patients to face the problem, and build a more supportive social environment for them.”

About Bowtie

The Bowtie Life Insurance Company Limited is an authorised life insurance company and Hong Kong’s first virtual insurer. Its vision is to bridge the medical protection gap and transform the way people access healthcare in Hong Kong. By combining modern technology and medical expertise, Bowtie offers a commission-free and convenient online platform for customers to quote, apply, and claim for medical insurance plans anytime, anywhere. Bowtie is backed by Sun Life Financial, Mitsui & Co, and supported by leading international investors. Currently, Bowtie has raised more than HK$680 million and provided over HK$100 billion of insured value to families. Stay up to date at https://www.bowtie.com.hk/en/.

About Pfizer: Breakthroughs That Change Patients’ Lives

At Pfizer, we apply science and our global resources to bring therapies to people that extend and significantly improve their lives. We strive to set the standard for quality, safety and value in the discovery, development and manufacture of health care products, including innovative medicines and vaccines. Every day, Pfizer colleagues work across developed and emerging markets to advance wellness, prevention, treatments and cures that challenge the most feared diseases of our time. Consistent with our responsibility as one of the world’s premier innovative biopharmaceutical companies, we collaborate with health care providers, governments and local communities to support and expand access to reliable, affordable health care around the world. For more than 175 years, we have worked to make a difference for all who rely on us. To learn more, please visit us at https://www.pfizer.com.hk and like us on YouTube at https://www.youtube.com/c/pfizerhongkong.

About Gleneagles Hospital Hong Kong

Located at Wong Chuk Hang on Hong Kong Island South, Gleneagles Hospital Hong Kong (Gleneagles) is a multi-specialty private hospital, providing cutting-edge medical technologies and a comprehensive range of clinical services spanning more than 35 specialties and subspecialties. As Hong Kong’s top-notch private teaching hospital, Gleneagles also contributes to the training and development of healthcare professionals and advancement of clinical research. Gleneagles is a joint venture between IHH Healthcare and CTF Services Limited, with The University of Hong Kong as its exclusive clinical partner.

Gleneagles Hospital Hong Kong is part of IHH Healthcare, one of the world’s largest healthcare providers. With its full spectrum of integrated services, dedicated people, reach and scale, and commitment to quality and safety, IHH aspires to be the world’s most trusted healthcare services network, united by a single purpose: to touch lives and transform care. More information on Gleneagles Hospital Hong Kong can be found at https://www.gleneagles.hk/.

[1] Cheung, Raymond TF. Headache: The Journal of Head and Face Pain 40.6 (2000): 473-479

[2] Bowtie is the first company authorised by Hong Kong’s Insurance Authority under its Fast Track Pilot Scheme

[3] Primary Healthcare Blueprint:https://www.legco.gov.hk/yr2023/chinese/brief/hb202301_20230120-c.pdf

[4] Ryvlin P, Skorobogatykh K, Negro A, et al. BMC neurology. 2021;21(1):1

[5] Cheung, Raymond TF. Headache: The Journal of Head and Face Pain 40.6 (2000): 473-479

[6] Steiner TJ, Stovner LJ, et al. The Journal of Headache and Pain. 2020;21:137

[7] International Headache Society. Cephalalgia. 2013;33(9):629-808

[8] The survey was conducted by Hong Kong Health Care Alliance in 2022

[9] The quota is limited, they are available on a first-come, first-served basis

Pre-orders for “Resident Evil 4 Leon S. Kennedy versus Chainsaw Villager” Statue Start Feb. 6, 2025

– This Highly Detailed 1/4 Scale Statue Features Swappable Heads and Weapons –

TOKYO, Feb. 7, 2025 /PRNewswire/ — Prime 1 Studio Co., Ltd. (hereinafter “Prime 1 Studio”) has announced the release of its latest product under the high-end statue brand “PRIME 1 STATUE”: the “Ultimate Premium Masterline Resident Evil 4 Leon S. Kennedy versus Chainsaw Villager” statue. Pre-orders began on February 6, 2025, with the product scheduled for release around August 2026.

Image1: https://kyodonewsprwire.jp/attach/202502053829-O1-S2pC40Z2.pdf

From the survival horror game “Resident Evil 4,” this 1/4 scale polystone statue faithfully recreates the intense showdown between Leon S. Kennedy and the Chainsaw Villager. The composition, with their gazes locked and their weight distribution realistically sculpted, captures a moment of palpable tension.

Leon’s sculpting and coloring are brought to life through meticulous techniques, featuring a mature expression, gunsmith engravings on the handgun, and the soft fur of his bomber jacket. The Chainsaw Villager is equally detailed, with carefully tuned color saturation for vivid blood splatters, hand-painted abdominal stains, and an eerie burlap sack hinting at the hidden head inside.

Image2: https://kyodonewsprwire.jp/attach/202502053829-O2-gpSHl062.pdf

The custom base, depicting a Ganado wielding an axe, evokes the atmosphere of a secluded European village. Iconic details from the game, such as the Los Iluminados emblem, chickens, and gold and silver eggs, are intricately incorporated throughout.

Additional swappable parts include an alternate head sculpt for Leon and interchangeable arms wielding a combat knife. The Bonus Version also includes an exclusive fighting knife as a special feature.

Image3: https://kyodonewsprwire.jp/attach/202502053829-O3-0lRit6LN.pdf

Note: A standalone Leon S. Kennedy statue will be released simultaneously.

Image4: https://kyodonewsprwire.jp/attach/202502053829-O4-3Z7B9jHg.pdf

Product Name:
Ultimate Premium Masterline
Resident Evil 4 Leon S. Kennedy versus Chainsaw Villager Bonus Version
Retail Price USD: $1699
Edition Size: 400
Arrival Date: Aug 2026
Scale: 1/4
H:76cm W:52cm D:70cm
Weight: 19.7 Kg
Materials: Polystone and other materials
Specifications/Additional Items
-Resident Evil 4 Themed Base
-Two (2) Swappable Heads (Closed Mouth, Open Mouth)
-Two (2) Swappable Pair of Arms (SG-09 R, Combat Knife)
-One (1) Swappable Right Hand (Fighting Knife) *BONUS PART
Copyright: (C) CAPCOM

For more details, visit the product pages

Leon S. Kennedy versus Chainsaw Villager: https://www.prime1studio.com/re4-leon-s-kennedy-versus-chainsaw-villager/UPMRE4-02S.html

Leon S. Kennedy: https://www.prime1studio.com/re4-leon-s-kennedy/UPMRE4-01S.html

Empowering the Green Transformation of a Century-Old Coal City: The Case of Pan’an Lake Wetland Park

XUZHOU, China, Feb. 7, 2025 /PRNewswire/ — On February 6, staff from the State Grid Xuzhou Power Supply Company conducted inspections of electrical facilities on the opposite bank of Xuzhou Lake Wetland Park in Xuzhou, Jiangsu Province. This was done to ensure reliable power supply for over 100 electric sightseeing vehicles and electric cruise boats.

It is estimated that the low-voltage shore power facilities installed at Pan’an Lake Wetland Park can annually charge more than 10,000 electric cruise boats, replace over 50 tons of fuel, and save merchants nearly RMB 400,000 in energy costs each year.

Xuzhou, known as a century-old coal city, once had Pan’an Lake as its largest coal mining subsidence area. Since 2011, the local government has implemented comprehensive remediation of the subsidence area following the principle of “cultivating wetlands and developing tourism.”

The State Grid Xuzhou Power Supply Company leveraged its professional and resource advantages to assist Pan’an Lake Wetland Park in implementing the ship shore power project. This initiative promoted the pilot programs of “replacing oil with electricity” and “replacing coal with electricity.” The company constructed four ship shore power service areas across 19 islands within the scenic area and completed the installation and renovation of over 10 sets of shore power facilities. With these convenient charging facilities, the park has successively introduced electric sightseeing cars and electric cruise boats, attracting a steady stream of visitors.

In 2024, Pan’an Lake Wetland Park received approximately 2 million tourists, generating a comprehensive tourism income of RMB 368 million, representing an increase of about 17%. This has resulted in significant economic, social, and ecological benefits.

The development of new energy has entered a rapid phase, with an anticipated annual grid-connected capacity surpassing 5 million kilowatts

TURFAN, China, Feb. 7, 2025 /PRNewswire/ — On February 6th, seven new energy projects, including Guangdong Energy’s 500,000-kilowatt wind power project in Toksun, received approval for grid connection. It is projected that by 2025. The total installed capacity of new energy connected to the grid will reach 5,055,000 kilowatts, marking a 152% increase from the previous year.

Turfan, often referred to as “China’s Hot Pole,” is situated at the heart of one of Xinjiang’s nine major wind zones. The region is abundant in wind and solar resources, with an average annual sunshine duration of 3,200 hours. The technical and economic exploitable capacities for wind power and photovoltaic power are 40.1 million kilowatts and 98 million kilowatts, respectively. The scale of new energy projects under construction or approved has surpassed 20 million kilowatts.

To accommodate the demands of new energy development and grid connection, State Grid Turfan Power Supply Company has implemented advanced planning and promoted the construction of 750-kilovolt and 220-kilovolt power grid projects. This year, it plans to invest 86.33 million yuan in three projects, including the 220-kilovolt transmission line from the Gaoquan South Substation of Shanshan County of State Power Investment Corporation. These projects will involve constructing 48.88 kilometers of 220-kilovolt transmission lines to optimize the regional power grid structure, enhance the power supply capacity and reliability of the regional power grid, and ensure the smooth grid connection of new energy projects.

In 2024, Turfan City generated a total of 25.77 billion kilowatt-hours of electricity, of which new energy generation accounted for 6.561 billion kilowatt-hours, or 25.46%. Following the grid connection of new energy projects in 2025, the installed capacity of new energy is expected to exceed 10 million kilowatts, reaching 10.595 million kilowatts, with annual power generation anticipated to surpass 10 billion kilowatt-hours.

Sohu.com to Report Fourth Quarter and Fiscal Year 2024 Financial Results on February 18, 2025

BEIJING, Feb. 7, 2025 /PRNewswire/ — Sohu.com Limited (NASDAQ: SOHU), a leading Chinese online media, video and game business group, will report its fourth quarter and fiscal year 2024 unaudited financial results on Tuesday, February 18, 2025, before U.S. market hours.

Sohu’s management team will host a conference call on the same day at 4:30 a.m. U.S. Eastern Time, February 18, 2025 (5:30 p.m. Beijing/Hong Kong time, February 18, 2025) following the quarterly results announcement.

Conference Call Preregistration

Participants can register for the conference call by click here, you will be led to the conference registration website. Upon registration, each participant will receive details for the conference call, including dial-in numbers and a unique access PIN. Please dial in 10 minutes before the call is scheduled to begin.

The live webcast and archive of the conference call will be available on the Investor Relations section of Sohu’s website at https://investors.sohu.com/.

About Sohu

Sohu.com Limited (NASDAQ: SOHU) was established by Dr. Charles Zhang, one of China’s internet pioneers, in the 1990s. As a mainstream media platform in China, Sohu is indispensable to the daily life of millions of Chinese, providing a network of web properties and community based products which continually offer a broad array of choices regarding information, entertainment and communication to the vast number of Sohu users. Sohu has built one of the most comprehensive matrices of Chinese language web properties, consisting of the leading online media destinations Sohu News App, Sohu Video App, the mobile news portal m.sohu.com, the PC portal www.sohu.com, and the online video website tv.sohu.com; and the online games platform www.changyou.com/en/.

Sohu provides online brand advertising services as well as multiple news, information and content services on its matrix of websites and also on its mobile platforms. Sohu’s online game business, conducted by its subsidiary Changyou, develops and operates a diverse portfolio of PC and mobile games, such as the well-known Tian Long Ba Bu (“TLBB”) PC and Legacy TLBB Mobile.

For investor and media inquiries, please contact:

In China:
Ms. Huang, Pu
Sohu.com Limited
Tel:     +86 (10) 6272-6645
E-mail:   ir@contact.sohu.com

In the United States:
Ms. Bergkamp, Linda
Christensen
Tel:     +1 (480) 614-3004
E-mail:   linda.bergkamp@christensencomms.com

SM Investments Recognized for Landmark Capital Market Deal

PASAY CITY, Philippines, Feb. 7, 2025 /PRNewswire/ — SM Investments Corporation (SM Investments), the parent company of the SM Group, has been awarded the “Philippine Capital Market Deal of the Year” by International Financing Review Asia (IFR Asia) for its successful issuance of a USD500 million five-year bond in 2024. This recognition underscores SM Investments’ leadership in the capital markets and the strong confidence of global investors in the company’s financial strength.

IFR Asia cited SM Investments’ return to the US dollar bond market after a decade-long absence as a significant development for the Philippine corporate sector. The transaction, which was the largest five-year deal by a Philippine corporate in 2024, reopened the market amid volatile conditions and achieved competitive pricing at 35 basis points.

“This landmark transaction represents a major milestone for both SM Investments and the Philippine capital markets. The strong demand from investors reflects confidence in Philippine corporate issuers and underscores SM’s reputation as a stable and well-managed investment option,” said Erwin G. Pato, Executive Vice President for Treasury, Finance, and Planning at SM Investments Corporation.

IFR Asia noted that SM Investments’ bond issuance attracted significant investor interest, given the relative scarcity of corporate issuances from the Philippines in recent years. The transaction also marked SM Investments’ first bond issuance since its USD350 million 10-year note in June 2014.

The deal was arranged by leading global financial institutions, with HSBC, JP Morgan, Standard Chartered, and UBS acting as joint lead managers and joint bookrunners. BDO Capital and Chinabank Capital also participated as joint lead managers.

International Financing Review Asia is a respected source of news and analysis on capital markets and investment banking, reinforcing the credibility of this recognition.

SM Investments’ achievement highlights its commitment to financial excellence and its role in strengthening investor confidence in the Philippine market.

About SM Investments Corporation

SM Investments Corporation is one of the leading Philippine companies that is invested in market-leading businesses in retail, banking, and property. It also invests in ventures that capture high growth opportunities in the emerging Philippine economy.

SM’s retail operations are the country’s largest and most diversified, consisting of grocery stores, department stores and specialty retail stores. SM’s property arm, SM Prime Holdings, Inc., is the largest integrated property developer in the Philippines with interests in malls, residences, offices, hotels, and convention centers as well as tourism-related property developments. SM’s interests in banking are in BDO Unibank, Inc., the country’s largest bank, and China Banking Corporation, the fourth largest private domestic bank.

For more information, please visit www.sminvestments.com