Frederick Go snaps up P11M Robinsons Land shares despite Omicron threat
Business

Frederick Go snaps up P11M Robinsons Land shares despite Omicron threat

Bilyonaryo Frederick Go picked up a handful of Robinsons Land Corp. (RLC) shares amid fears of a new COVID-19 variant that could derail the shopping mall snapback.

Shopping splurge: SM, Robinsons malls get ready for revenge spending these Christmas, New Year holidays

The RLC president and CEO bought 600,000 shares at a price range of between P17.50 and P18.30 on November 29.

The purchase raised his stake to 3.9 million worth P69.42 million.

RLC said foot traffic and operating capacity have increased in its malls nationwide. Go is hopeful this “revenge visit” would continue through Christmas and New Year festivities.

Malacanang announced on November 29 that it was retaining Alert Level 2 over Metro Manila until December 5 as infections continue to drop due to the accelerated vaccination.

The Palace, however, suspended its plan to welcome fully-vaccinated foreign travelers from green listers or countries with low COVID-19 transmission rates which was supposed to start on December 1.

 

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