SM Prime Holdings Inc., the country’s leading shopping mall operator and developer has tapped Citigroup Global Markets Ltd. and Macquarie (Asia) Pte. Ltd. as joint financial advisers for its planned acquisition of three shopping malls in China. The three malls in China are owned by the Sy family through a private company.

SM prime said in a disclosure to the stock exchange that Citigroup and Macquarie would help the company evaluate the proposed acquisition of three malls in crossroad West in Xiamen Jinjiang City in Fujian province and Chengdu.

SM Prime as of end March operates 28 shopping malls in the Philippines with a total gross floor area of 3.6 million square meters.