Founder Henry Sy Sr., SM Group bestowed top 2014 Asia CEO Awards
SM Group’s founder Henry Sy Sr. and its subsidiary were given the top honors at the recently concluded Asia CEO Awards for transforming its mall development business into a property giant at par with other big companies in the ASEAN region.
SM Prime Holdings Inc. (SMPH) particularly won the KPMG Executive Leadership Team of the Year award, the highest award given by the Asia CEO awarding body for "its dynamic and efficient consolidation of its various real estate business units" during the awarding ceremonies held at the Solaire Resort and Casino.
The KPMG Executive Leadership Team of the Year award is given to a company that has demonstrated specific situations or projects where the organization was led to a new level of growth and pioneering achievement and recognized as such by the international community, establishing a commitment to the development of the country’s overall human resources capacity.
SM Prime President Hans Sy said the recognition serves as an inspiration for their company to do more not only for its shareholders but to everyone who continue to believe and support what it stands for and wants to achieve for the Philippines.
The merger of SM Group’s various property businesses under the SM Prime that took place in the previous year has made it one of the largest integrated real estate companies in Asia achieving new heights in property management.
The merger is considered a landmark in Philippine capital markets because it involved two listed companies undertaken by a single acquirer.
The merger is likewise touted as one of the most successful mergers for 2013 garnering the Most Innovative Deal Award from internationallyknown publisher Alpha Southeast Asia Magazine.
With the merger, SM is able to realize synergies among its business units, increasing efficiencies in operations and revenue in enhanced shareholder value.
It also allowed SM to pursue larger projects, from reclaiming land to developing long- term integrated master- planned developments and lifestyle cities
The Asia CEO Awards, presented by PLDT Alpha Enterprise, recognizes the most accomplished and extraordinary leadership teams and individuals currently operating in the Philippines and the Asian region who have demonstrated outstanding achievements for their organizations and contributions to others.