Roxas & Co. sells P3.9B worth of shares
Roxas and Co. Inc. raised P3.86 billion from the sale of treasury shares.
In a regulatory filing, RCI said 858,000 shares were sold at a price of P4.50 each.
RCI decided to sell additional treasury shares to address the market demand and current increase in the market price of its shares.
The company sold a total of 2.56 million treasury shares as of Feb. 15.
RCI is holding company whose major interests are raw real estate located in Nasugbu, Batangas, sugar-related assets and businesses held through Roxas Holdings, Inc., and real estate development through Roxaco Land Corp.