June 18, 2013

Sinophil seeks partnership with Belle

Dormant holding firm Sinophil Corp. is targeting a return to profitability in the medium term by partnering with parent firm and leisure developer Belle Corp. Sinophil, indirectly owned by the country’s richest man Henry Sy, will focus on developing its existing landbank while waiting for favorable market conditions to sell some assets.
For instance, Sinophil has a 4,000-square meter property near the $1.3-B Belle Grande Manila integrated casino and hotel complex in Pagcor’s Entertainment City project in ParaƱaque which could be developed via a joint venture with Belle. - WealthSec