Altus listing to have little impact on RLC shareshome/Business/Stock Watch/Altus listing to have little impact on RLC sharesAltus Property Ventures, Inc.’s listing by way of introduction through its parent firm Robinsons Land Corp. (RLC) would only have minimal impact to the latter’s shares. The property developer is eyeing to be publicly listed, following its distribution of property dividends to the stockholders of Robinsons Land. Apart from initial public offering, listing by way of introduction is another method of listing shares on the stock exchange. “I think that this (Altus Property listing by way of introduction) will have little effect on RLC shares,” Philstocks Financial Inc. research associate Piper Chaucer Tan told The Manila Times. Year-to-date, Robinsons Land shares have grown nearly 14 percent.

Source: Manila Times September 29, 2019 16:07 UTC