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RCBC sells property units to Filinvest Land

RIZAL Commercial Banking Corp. (RCBC) has completed a deal for the sale and transfer of two wholly owned property units to Filinvest Land Inc. for roughly P633.3 million.

In two separate disclosures on Monday, RCBC said it and Filinvest Land had signed separate share purchase agreements for the latter's acquisition of Niyog Property Holdings Inc. (Niyog Property), and Cajel Realty Corp. (Cajel Realty).