PHILIPPINES PRESS-SM Investments buys 34 pct of mall developer - Malaya

Mon Feb 17, 2014 7:31pm EST

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Philippine banking-to-property conglomerate SM Investments Corp has bought a 34 percent stake in IPO-bound DoubleDragon Properties Corp, partly owned by the country's largest fastfood chain Jollibee Foods Corp, Malaya Business Insight reported.



NOTE: Reuters has not verified this story and does not vouch for its accuracy. (Compiled by Manila Newsroom; Editing by Subhranshu Sahu)