Headlines Property

SMDC boss Banzon bets on SM Prime

The point man of the Sy-blings’ residential property development arm is betting on a strong bounce back of SM Prime Holdings.

Jose Mari Banzon, president of SM Development Corp., bought P3.876 million worth of SM Prime shares last November 11.

Banzon bought 102,000 shares for P38 each.

Banzon was appointed SMDC head last February. He joined SM Prime in 2013 after getting poached from the Ty family’s Federal Land where he served as executive vice president and general manager.

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