Rl Commercial Reit, Inc.PSE: RCR

RL Commercial REIT Approves Property-For-Share Swap Transaction With Robinsons Land Corporation

· Issued by Rl Commercial Reit, Inc.

RL Commercial REIT Inc PSE:RCR:

  • APPROVED PROPERTY-FOR-SHARE SWAP TRANSACTION BETWEEN ROBINSONS LAND CORPORATION AND CO

  • TRANSACTION IS COMPRISED OF 6 MALL ASSETS

  • ROBINSON LAND WILL SUBSCRIBE TO 1.29 BILLION COMMON SHARES OF CO AT 8.25 PESOS/SHARE FOR 10.62 BILLION PESOS

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