ROBINSONS Land Corp. (RLC) on Friday said it had raised roughly P8.49 billion in fresh funds to bankroll ongoing projects and planned land acquisitions following an overnight block placement of shares in its real estate investment trust, RL Commercial REIT Corp. (RCR).
In a stock exchange filing, the Gokongwei-led property developer said the overnight block placement involved about 1.73 billion RCR shares at a price of P4.92 apiece, which raised the REIT's public float to 49.95 percent.
Already have an active account? Log in here.
Continue reading with one of these options:
Continue reading with one of these options:
Premium + Digital Edition
Ad-free access
P 80 per month
(billed annually at P 960)
- Unlimited ad-free access to website articles
- Limited offer: Subscribe today and get digital edition access for free (accessible with up to 3 devices)
TRY FREE FOR 14 DAYS
See details
See details
If you have an active account, log in
here
.