SEC clears RCR's P30.67-B mall infusion from Robinsons Land

RL COMMERCIAL REIT, Inc. (RCR), the listed real estate investment trust (REIT) of Robinsons Land Corp. (RLC), said it has received approval from the Securities and Exchange Commission (SEC) for its P30.67-billion property-for-share swap with its sponsor.

- By Alexandria Grace C. Magno

"Today, Sept. 5, 2025, RCR received the certificate of approval of valuation dated on the same date from the SEC for the property-for-share swap certifying that the valuation of the properties in the total amount of P30,674,860,000 be applied as payment for the additional issuance of 3,834,357,500 common shares of RCR," the listed company said in a disclosure on Monday.

With the approval and the issuance of the new shares, RCR will have 19.55 billion common shares issued and outstanding.

The company said public ownership will stand at 34.22% of the enlarged total shares, above the one-third minimum public ownership required under the Real Estate Investment Trust Implementing Rules and Regulations.

RCR said it will file the relevant disclosures once the 3.83 billion new shares are issued and booked under the name of RLC, one of the country's largest property developers.