Big Boy Sy raises P400 million from sale of SM Prime shares

Ultra bilyonaryo Henry “Big Boy” Sy Jr. shaved off some of his holdings in his family’s SM Prime Holdings (SMPH).

Sy unloaded a total of 12.75 million SMPH shares at P31.75 each on October 14.

The SMPH chairman has reduced his stake in the shopping mall giant by nine percent or 36.538 million shares since the end of 2021.

Sy still has P13 billion worth of SMPH under his name.