Incorporated on January 15, 1960, SM Investments Corporation (SM) is the holding company of the SM Group of Companies. SM is engaged in four core businesses through its subsidiaries, namely, shopping mall development and management (SM Prime Holdings, Inc.), retail merchandising (SM Department Stores, SM Supermarket, SM Hypermarket, and Makro), financial services (Banco de Oro Unibank, Inc. and China Banking Corporation) and real estate development and tourism (SM Land, Inc., SM Development Corporation, Costa Del Hamilo, Inc., Pico de Loro Beach and Country Club, Inc., and Highlands Prime, Inc.). Source: SEC Form 17-A (2008)