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                    [Title] => SM unit mulls secondary share offer in H2
                    [Summary] => 





SM Development Corp. (SMDC) is planning  a secondary share offering in the second half of the year to raise funds for its landbanking activities and the development of future projects.


While SMDC president Roger Cabunag did not say how much the company is planning to raise from the follow-on offering,  he said the properties to be acquired are sufficient for development over the next five years.


                    [DatePublished] => 2007-04-10 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1804021
                    [AuthorName] => Zinnia B. Dela Peña
                    [SectionName] => Business
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                    [ArticleID] => 392733
                    [Title] => SM Group allots P2B for 3 new residential projects
                    [Summary] => 



SM Development Corp. (SMDC) is allotting P1.5 billion to P2 billion for the construction of three new residential projects this year to help meet the increasing demand for homes. 


With an improved cash position, SMDC chairman Henry Sy Jr. said the company is now in a better position to take a more aggressive stance in the property sector. 


SMDC reported a 51 percent jump in its net profit last year to P984 million from P652 million in 2005 on a 66 percent growth in revenues, mainly coming from condominium projects Chateau Elysee and Mezza Residences.


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CHATEAU ELYSEE AND MEZZA RESIDENCES

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                    [ArticleID] => 393713
                    [Title] => SM unit mulls secondary share offer in H2
                    [Summary] => 





SM Development Corp. (SMDC) is planning  a secondary share offering in the second half of the year to raise funds for its landbanking activities and the development of future projects.


While SMDC president Roger Cabunag did not say how much the company is planning to raise from the follow-on offering,  he said the properties to be acquired are sufficient for development over the next five years.


                    [DatePublished] => 2007-04-10 00:00:00
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                    [ArticleID] => 392733
                    [Title] => SM Group allots P2B for 3 new residential projects
                    [Summary] => 



SM Development Corp. (SMDC) is allotting P1.5 billion to P2 billion for the construction of three new residential projects this year to help meet the increasing demand for homes. 


With an improved cash position, SMDC chairman Henry Sy Jr. said the company is now in a better position to take a more aggressive stance in the property sector. 


SMDC reported a 51 percent jump in its net profit last year to P984 million from P652 million in 2005 on a 66 percent growth in revenues, mainly coming from condominium projects Chateau Elysee and Mezza Residences.


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abtest

SM unit mulls secondary share offer in H2

By Zinnia B. Dela Peña | April 10, 2007 - 12:00am

SM Development Corp. (SMDC) is planning a secondary share offering in the second half of the year to raise funds for its landbanking activities and the development of future projects. While SMDC president...

Business

SM Group allots P2B for 3 new residential projects

By Zinnia B. Dela Peña | April 2, 2007 - 12:00am

SM Development Corp. (SMDC) is allotting P1.5 billion to P2 billion for the construction of three new residential projects this year to help meet the increasing demand for homes. With an improved cash position,...

Business