The Yuchenco-led Rizal Commercial Banking Corp. (RCBC) will get more than P2 billion for the sale of its interest in its property arms, RCBC Land Inc. and RCBC Realty Corp.
In separate filings with the Philippine Stock Exchange, RCBC and House of Investments Inc. (HOI) both disclosed that they have executed share purchase agreements wherein RCBC agreed to sell to HOI its 10-percent stake in RCBC Realty for a total consideration of P1.3 billion.
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