MANILA — SM Prime Holdings Inc SMPH.PS is pushing back the timing of its plan to raise at least $1 billion through a listing of its real estate investment trust unit this year, its president said on Tuesday.
A listing this year will be unlikely given market conditions, but the company has enough capital to finance its expansion projects, SM Prime President Jeffrey Lim said in news conference.
— Reporting by Neil Jerome Morales; Editring by John Mair
