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Manila Bulletin devider Business devider The Stock Market devider Robinsons Retail nears PSE exit after Gokongwei family takes back almost full ownership

Robinsons Retail nears PSE exit after Gokongwei family takes back almost full ownership

Published Jul 7, 2026 02:41 pm
Robina Gokongwei Pe and Lance Gokongwei
Robina Gokongwei Pe and Lance Gokongwei

The Gokongwei family’s Robinsons Retail Holdings Inc. (RRHI) is on its way to being delisted from the Philippine Stock Exchange (PSE) as its public float has dropped to just 0.31 percent of its capital after the tender offer by JE Holdings Inc.

In a disclosure to the PSE on Tuesday, July 7, RRHI said it received notice from controlling shareholder JE Holdings of the successful results of its tender offer conducted from May 25, 2026, to July 6, 2026.

JE Holdings reported that the total number of RRHI shares tendered by shareholders and accepted by JE Holdings is 229.58 million common shares, or the tendered shares, equivalent to 21.54 percent of the company, exceeding the 179.56 million common shares required to attain the minimum threshold of 95 percent for voluntary delisting.

Given the successful result of the tender offer and antitrust body Philippine Competition Commission’s (PCC) confirmation that the transaction is not subject to compulsory notification, the tendered shares are expected to be crossed on the facilities of the PSE on July 13, 2026, with settlement on July 15, 2026.

Following completion of the cross, JE Holdings, together with the other proponents of the delisting, will collectively own 1.06 billion common shares, representing 99.69 percent of the company’s issued and outstanding capital stock.

The other proponents are Robina Y. Gokongwei-Pe, Lance Y. Gokongwei, James L. Go, Lisa Gokongwei-Cheng, Faith Gokongwei-Lim, Hope Gokongwei-Tang, Julia Isabelle Gokongwei Sy, Ella Akira Gokongwei Sy, Stanley C. Co, and Wilfred T. Co.

The next step in the process is to obtain the PSE’s approval for the voluntary delisting of RRHI’s common shares.

“We are grateful for the trust and support our shareholders have shown RRHI over the years, and for their engagement throughout this process,” said RRHI President and Chief Executive Officer (CEO) Stanley C. Co.

He added, “While we embark on a new chapter, our commitment to being the retailer of choice in the Philippines is unchanged. As we look ahead, we remain focused on strengthening our operations, pursuing long-term priorities, and driving sustainable growth.”

Meanwhile, RRHI Chairman Robina Gokongwei-Pe said, “On behalf of the board and the RRHI management team, I thank our shareholders for their confidence and partnership throughout RRHI’s time as a publicly listed company. Your unwavering support has been instrumental in shaping our growth and success, and it has been our privilege to have shared this journey with you.” - James A. Loyola

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