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RCR secures PCC clearance for P10.6-B asset infusion

RL COMMERCIAL REIT, Inc. (RCR) has secured the Philippine Competition Commission's (PCC) acknowledgment that its proposed P10.62-billion property-for-share swap with sponsor Robinsons Land Corp. (RLC) qualifies as an internal restructuring, clearing another regulatory step toward completing the transaction. In a regulatory filing on Tuesday, the Gokongwei-led real estate investment trust (REIT) said the PCC issued

Bworldonline Bworldonline · Wire Report · 4 hours ago · 1 min read

RCR secures PCC clearance for P10.6-B asset infusion

Image via wire syndication · Bworldonline

WIRE — RL COMMERCIAL REIT, Inc. (RCR) has secured the Philippine Competition Commission's (PCC) acknowledgment that its proposed P10.62-billion property-for-share swap with sponsor Robinsons Land Corp. (RLC) qualifies as an internal restructuring, clearing another regulatory step toward completing the transaction. In a regulatory filing on Tuesday, the Gokongwei-led real estate investment trust (REIT) said the PCC issued

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