SMC is also "seriously considering" entering the broadcast industry, but declined to elaborate.
The planned acquisitions will be funded through the company's internal cash flow and financing, Ang said.
Cojuangco said the reshaping of SMC will have a significant impact on its financials, allowing the company to reach its P1-trillion sales target in the near term, double the P536 billion it posted in 2011.
Last year, SMC's new businesses of oil refining and power contributed 63 percent to sales.
With the Philippine conglomerate’s recent investments in Exxon Mobil's downstream oil business in Malaysia, and in the firms operating the Skyway and South Luzon Expressway, Cojuango said SMC will continue to grow significantly, representing a fundamental shift in its business.
