LISTED sugar conglomerate Roxas and Co. Inc. (RCI) wants to expand its presence in the real-estate industry, proposing to spend up to P1 billion until 2013 to develop its properties, located mostly in the Batangas area.

The company—which is also building a P1.6-billion bioethanol plant in Bacolod, Negros Occidental—is confident in this sector’s long-term growth potential, expecting the business to be a significant revenue contributor in the future.

SM Prime Holdings Inc., the mall developer and operator of conglomerate SM Group, is opening its 36th shopping center in the country on Friday, also the firm’s last this year.

In a filing to the nation’s stock exchange, SM Prime said the new mall is in Rosario, Cavite and will be the company’s fourth in the Southern Tagalog province—selected because of its growth prospects.

Missing numbers. The authorized capital stock of Phoenix Petroleum consists of 400 million common shares. As of September 30, it had 261.661 million issued common shares of which 257.812 million are outstanding and 3.849 million treasury shares. In a disclosure, it said it bought back the treasury shares at P4.482 each for a total of acquisition cost of P17.252 million. The subscription of the Social Security System (SSS) to 7.5 million common shares will increase Phoenix’s outstanding capital to 265.312 million common shares of which SSS’s ownership will be equivalent to 2.827 percent. At the same time, SSS’s stake will increase the company’s issued capital stock to 269.161 million common shares, which, in turn, will reduce its unissued capital to 130.839 million common shares.