Sunday, June 2, 2013

SM, SMDC and SMPH Merging News

Previously on my post About SMPH, SMDC and SM Land Consolidation, I mentioned that a news came up regarding the merging of the three. Why is the merging of these 3 great stocks important in deciding whether we keep our shares in SMPH, SMDC or SM? I explained in my previous post that once they merged, only one will remain in the market and there's a possibility of the 2 stocks being delisted.

On May 31, I read a news from my online stock broker, COL Financial, that the trading was suspended for the three (SM, SMPH, SMDC). This is to give way to the major announcement of SM Group. And here's what I got from COL Financial's news portal:

In the above article, it is said that SM Investments Corporation (SMIC) and SM Prime Holdings, Inc. (SM Prime) will be consolidated and the surviving entity is no other than........ SMPH! This is good news as this means that we will still see SMPH rocking the market. Yeah!

How will the merging happen?

Taken from the above article, there will be series of steps.

First step: Exchange offers for the outstanding shares of two listed entities - SMDC & HP. SM Land will offer existing shares of SM Prime in exchange for the outstanding shares of SMDC and HP.

Second Step: SM Land, a privately held real estate subsidiary of SMIC, and SMPH will merge.

Third Step: SMPH acquiring specific real estate companies and assets currently held by SMIC in exchange for new shares in SM Prime.

So I think this is good news for our SMPH shareholders. Let's see the performance of SMPH on the next few days.

As for our mentor from Truly Rich Club, there are no announcement on this yet. I am waiting and hoping to receive an update this week, whether the HOLD status will now be lifted.

That's all for now. Stay tuned!

Happy Investing.

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