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Philippines' richest man Henry Sy dies at 94

Henry Sy made his fortune with a Philippine shopping centre conglomerate that has put up some of the largest malls in the world. [File, AFP]

The Philippines' wealthiest man Henry Sy, who rose from being a penniless Chinese immigrant to leading a multi-billion dollar business empire, died on Saturday, his conglomerate has announced.

The 94-year-old, from the Chinese city of Xiamen, made his fortune with a Philippine shopping centre conglomerate that has put up some of the largest malls in the world.

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