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RRHI shares rise on delisting plan - BusinessWorld Online
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1 Articles
RRHI shares rise on delisting plan - BusinessWorld Online
By Pierce Oel A. Montalvo, Researcher SHARES of Robinsons Retail Holdings, Inc. (RRHI) rose last week after its board approved a voluntary delisting and a P48.30-per-share tender offer, with analysts saying the price offers a premium to recent trading levels but remains below intrinsic value. Data from the Philippine Stock Exchange (PSE) showed RRHI as the 11th most actively traded stock during the week, with 24.34 million shares valued at P457.…
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