Acquisition of SM Investments Corporation of 61.2% Shares
in Philippines Urban Living Solutions, Inc.
SM Investments Corporation (“SMIC”), a Philippine corporation, is the holding company of the SM Group of Companies. SMIC has equity investments in, among others, property, retail, financial services, and mining. SMIC proposes to acquire 61.2% shares in Philippines Urban Living Solutions, Inc. (“PULS”), a Philippine registered property developer engaged in the business of leasing bed-spaces and units in purpose-built dormitories around the Bonifacio Global City area.