About SM Prime Holdings

SM Prime Holdings, Inc. engages in the development, operation, and maintenance of commercial shopping centers. The company also engages in conducting, operating and maintening shopping center spaces for rent, amusement centers, or cinema theaters within the compound of the shopping centers. As of December 31, 2008, the company had 33 SM super malls in the Philippines. The company is a subsidiary of SM Investments Corporation. Competition The company faces competition from the Ayala Malls and Robinsons Malls. History SM Prime Holdings, Inc. was founded in 1994.