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SM Prime launches its fourth mall in China

sm prime

On Friday, Mogul  Henry Sy adds another mall  in mainland China, opening on Friday  SM Prime Holdings’ fourth shopping mall in Asia’s biggest economy.

The latest  SM mall, the SM City Suzhou in Jiangsu Province, also the SM founder’s land of birth, is situated  in the metropolis’ Wuzhong district and has a total floor area of 72,552 square meters, 89 percent of which has already been awarded to various tenants, according to SM Prime disclosure to the Philippine Stock Exchange.

“The mall’s launching affirms SM Prime’s keen objective to continue growing and expanding in areas of opportunity, even in those beyond the boundaries of the Philippines,” said SM Prime president Hans Sy on Thursday. “It also confirms that the Filipinos have the needed knowledge, skills, and talents to compete in a global arena. Thus, the company intends to open several more new malls in China in the coming years.”

The three other existing malls can be found  in Xiamen, Jinjiang and Chengdu. The first two cities are in China’s Fujian Province while Chengdu is in the Province of Sichuan.  Jinjiang happens to be Sy patriarch’s hometown.