SM Prime Holdings Inc., the country’s largest mall builder and operator, has appointed Citigroup Global Markets Limited and Macquarie Securities Pte Limited as joint financial advisers on its plan to acquire three malls in China.

In a disclosure to the stock exchange, the company said the three malls are currently owned by the company’s major shareholder, the Sy family. SM Prime said further details on the proposed acquisition will be announced after the study is completed.