Stonebridge Corp., a company chaired by the wife of Far Eastern University chairman emeritus Aurelio Montinola III, acquired a 9-percent stake in Roxas and Company Inc. , one of the top-performing stocks in the market.
The acquisition price is a steep 38.2-percent discount to RCI’s closing price on Friday of P3.24. Shares of RLI recently hit a 52-week high of P4. RCI said it secured ownership rights over a huge track of land in Batangas in February, after it ended a four-decade long land dispute with agrarian reform beneficiaries over its three haciendas – Palico, Banilad and Calaway.
The board of RCI approved the continuous sale of treasury shares in 2014 as a fund-raising initiative for working-capital and expansion projects.
이 소식을 빠르게 읽을 수 있도록 요약했습니다. 뉴스에 관심이 있으시면 여기에서 전문을 읽으실 수 있습니다. 더 많은 것을 읽으십시오: