INQUIRER.net: SMIC ready to work with rival Ayala group

INQUIRER.net Philippine News for Filipinos

SMIC ready to work with rival Ayala group Jul 22nd 2013, 03:15 MANILA, Philippines—SM Investments Corp. (SMIC) is prepared to "work together" with the new board of OCLP (Ortigas & Company Limited Partnership) Holdings Inc., which is now controlled by allies of Ayala Land Inc., following a general meeting on Friday that is set to result in a fresh legal conflict between two Ortigas factions.   Siblings Teresita Sy-Coson, SM Investments vice chair, and Hans Sy, president of real estate arm SM Prime Holdings Inc., gave similar statements on the potential collaboration with the family faction known as the Rafael Ortigas Group, which is backed by Ayala Land.   SM's allies, led by the faction of Fernando Ortigas, were... Keep on reading: SMIC ready to work with rival Ayala group Media files: bdo.jpg (image/jpeg)

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