Robinsons Land trims RCR stake
MANILA, Philippines – Robinsons Land Corp. (RLC) sold P7.75 billion worth of its shares in its real estate investment trust (REIT) arm, making room for possibly more asset infusions. In a regulatory filing on Tuesday, RLC said it had sold 1 billion common shares of RL Commercial REIT Inc. (RCR) at P7.75 each, a 5.14-percent discount