Robinsons Land trims RCR stake

MANILA, Philippines – Robinsons Land Corp. (RLC) has sold P7.75 billion worth of its shares in its real estate investment trust (REIT) arm, paving the way for potential additional asset infusions.

In a regulatory filing on Tuesday, RLC disclosed that it sold 1 billion common shares of RL Commercial REIT Inc. (RCR) at P7.75 each. This sale was made at a 5.14-percent discount.
https://business.inquirer.net/548579/robinsons-land-trims-rcr-stake

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