Headlines Property

Frederick Go buys P20M shares, to double personal stake in Robinsons Land

Bilyonaryo Frederick Go has doubled his personal stake in Robinsons Land Corp. (RLC).

The RLC president and CEO bought roughly P20 million worth of the Gokongwei-controlled property firm in 27 transactions from August 20 to 27.

Go bought a total of 1.342 million RLC shares at P14.54 to P15.48 per share.

Go has a total of 3.3 million RLC shares as of end-August.

Regina Capital reckons RLC is a bargain as its bottomline was the least affected by the lockdown in the first half this year.

It expects China sales and demand for its office to keep RLC afloat for the rest of 2020.

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