Henry Sy Term Paper

enthalpy Sy, Sr. (Chinese: ???; pinyin:  Sh? Zhìchéng; born December 25, 1924) is a Chinese Filipino businessman with interests in retailing, real estate, hospitality, banking, mining, tuition including healthcare services. He pioneered the establishment of SM M everys, anchored by sideslip mart Department Store and Supermarket earning him the title; the Philippines Retail King. He is the chairman of SM Prime Holdings, Inc., the holding corporation for all his business interests in his vast business empire. In 2011, Forbes snip listed him as the no. 1 gazillionaire in the Philippines. Biography He is the Philippines richest man, gaining 1.4 billion dollars in 2007, amid the global financial crisis. The huge gain was cod to his holding company, SM Investments Corp., which has interests in Banco de Oro Universal trust, inter alia. Forbes cartridge clips 2008 list of 40 wealthiest Filipinos revealed the Sy familys net worth was 3.1 billion dollars. Earlier, he was the 2nd wealthiest individual in the Philippines, next to Lucio Tan and (as of 2008) 843rd in the world.Sy is considered a Tai-Pan or tycoon of Asia.

As of 2006, Forbes magazine class-conscious him as the 14th richest person in Southeast Asia; Henry Sy and family is ranked the 74th richest in the Asia and Australia region and 512th richest in the world. (In the absence of grounds to support such higher claims, the Forbes numbers should take as a best-guess estimate for the time being.) Sy is the owner of Banco de Oro Universal Bank and China Banking Corporation. In 2006, he bought the remaining 66% of honorable PCI Bank, the Philippines 3rd largest lender, in which he already had a 34% impale, and merged it with Banco de Oro Universal Bank in 2007. The merger created the Philippiness minute largest financial institution with resources of close to $17billion dollars. The Sy family has a personal stake of $4 billion in these 3 banks.[citation needed] Mr. Sy has recently sell his 11% stake... If you want to get a full essay, gear up it on our website: Orderessay

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