Robinsons Land Sets Up Subsidiary

The Securities and Exchange Commission (SEC) approved the incorporation of Bonifacio Property Ventures Inc. (BPV), which is a wholly owned subsidiary of Robinsons Land Corp. (PSE: RLC). BPV was incorporated on December 21, 2018 in order for RLC to have a ready subsidiary that will engage in future real estate ventures.

BPV has an authorized capital stock of PhP1 billion, subscribed capital stock and paid up capital of PhP500 million with a par value of PhP1.00 per share.

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