SM Prime Holdings Inc., the country’s largest shopping mall developer and operator, is expected to submit relevant documents to the Securities and Exchange Commission (SEC) and the Philippine Stock Exchange (PSE) re alting to its acquisition of three malls in China.

In a disclosure to the PSE, the three malls are located in Jinjiang, Xiamen, and Chengdu. Among their anchor tenants are retailing giant Wal-Mart, international fast-food restaurants McDonald’s and KFC, and department store SM-Laiya.

Subject to approval of the SEC, the acquisition will be implemented through a share swap agreement. SM Prime will issue 372,492,882 new common shares to Oriental Land Development Ltd. in exchange for 100-percent equity in Mega Make Enterprises Ltd., a corporation that effectively owns 100 percent of SM Jinjiang.

SM Prime will issue 540,404,330 new common shares to Grand China International Ltd. in exchange for 100-percent equity in Affluent Capital Enterprises, the corporation that owns SM Xiamen and SM Chengdu. The common shares have a par value of P1 per share.

SM Prime tapped Citigroup Global Markets Ltd. and Macquarie Securities (Asia) Pte. Ltd. as financial advisers for the acquisition, Savills Valuation and Professional Services Ltd. as property appraiser, PricewaterhouseCoopers Ltd. and Commerce and Finance Law Offices for China and tax regulatory issues, and Grant Thornton International would act as the deal’s independent financial advisers.