RLC raises P7B from RCR share sale at P7.40 each

MANILA, Philippines – Property giant Robinsons Land Corp. (RLC) has sold 945.95 million common shares in real estate investment trust arm RL Commercial REIT Inc. (RCR) in a block transaction valued at P7 billion. The Gokongwei-led developer told the local bourse on Tuesday that the shares had been placed out at P7.40 per share. READ: