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                    [ArticleID] => 360524
                    [Title] => Robinsons Land raises $223M via shares offer
                    [Summary] => Gokongwei-owned property firm Robinsons Land Corp. (RLC) has raised $223 million from the successful offering of new and secondary shares in both international and local markets, according to stock brokerage house UBS.


In a press briefing yesterday, UBS (Philippines) chief representative Lauro Baja said the issue was 2.4 times oversubscribed with 44 percent of the institutional investors coming from the United States, 41 percent from Asia and 15 percent from Europe. Of the $223-million proceeds, $95 million was raised from the primary share offering.


                    [DatePublished] => 2006-09-30 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1804021
                    [AuthorName] => Zinnia B. Dela Peña
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
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Robinsons Land raises $223M via shares offer

By Zinnia B. Dela Peña | September 30, 2006 - 12:00am

Gokongwei-owned property firm Robinsons Land Corp. (RLC) has raised $223 million from the successful offering of new and secondary shares in both international and local markets, according to stock brokerage house...

Business