Robinsons Land allots P2B of RCR proceeds

By Earl John Alfaro

Jul 10, 2024 12:28 am

ROBINSONS Land Corp. (RLC) said Tuesday it had disbursed over P2 billion out of the P8.49 billion proceeds from the block placement of RL Commercial REIT Inc. (RCR) shares.

'The procedures were performed solely to enable the company to comply with the Philippine Stock Exchange Inc.'s requirement to submit an external auditor's certification on the information being presented by the company relating to the use of proceeds,' RLC said in its filing with the local bourse.

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