Robinsons Retail Holdings Inc. (RRHI) is set to be delisted from the Philippine Stock Exchange after a successful tender offer, according to a report by Inquirer.net. The move comes as the Gokongwei-led retail giant consolidates its ownership.
The tender offer, which expired last month, saw the parent company acquire a significant number of shares, exceeding the minimum threshold required for delisting. As a result, RRHI will no longer meet the public ownership requirement of the exchange.
This delisting marks the end of RRHI’s public listing, which began in 2013. The company operates over 2,000 stores nationwide, including supermarkets, department stores, and specialty retail outlets.