RRHI set for delisting after successful tender offer

Robinsons Retail Holdings Inc.

MANILA, Philippines – Robinsons Retail Holdings Inc. (RRHI) moved closer to exiting the Philippine Stock Exchange (PSE) after its controlling shareholder completed a tender offer to minority shareholders.

In a disclosure on Tuesday, RRHI said JE Holdings Inc. completed its tender offer after securing 229.58 million shares, exceeding the 179.56 million minimum for voluntary delisting.

READ: RRHI PSE exit looms as board backs delisting plan

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