The Philippine Stock Exchange has approved the application of SM Prime Holdings, Inc. (SMPH) to list a total of 15.77 billion additional SMPH common shares as part of the consolidation of the SM group’s property businesses.

The shares cover the merger between SMPH and SM Land, Inc., share for share swaps, and property for share swaps. Listing of the shares is subject to submission of post-approval requirements of the PSE. (James Loyola)