In a stock exchange filing on Thursday, RCR said it received the regulator’s approval of the valuation. This was also supported by an appraisal report from Asian Appraisal Co. Inc. and a third-party fairness opinion issued by FTI Consulting Philippines Inc.
RCR will pay for the assets by issuing 4.98 billion shares to Robinsons Land.
13 prime assets
The asset infusion involves Robinsons Luisita, Robinsons Sta. Rosa, Giga Tower, Cybergate Davao, Robinsons Imus, Robinsons Los Baños, Robinsons Lipa, Robinsons Cabanatuan, Cybergate Delta 2, Robinsons Palawan, Robinsons Novaliches, Robinsons Cainta, and Robinsons Ormoc.
Public ownership compliance
Once issued, RCR’s total outstanding shares will rise to 15.71 billion, with public ownership at 34.10 percent—well above the required one-third minimum under the rules.
RCR will file necessary disclosures once the new shares are issued and registered under Robinsons Land.
