In a regulatory filing on Tuesday, the Gokongwei-led real estate investment trust (REIT) said the PCC issued the acknowledgment under PCC Clarificatory Note No. 16-002, noting that RCR and RLC have the same ultimate parent entity and that the structure of control will remain unchanged after the transaction. The transaction involves the infusion of six RLC mall assets into RCR’s portfolio in exchange for 1.287 billion new common shares. The assets comprise Robinsons Dumaguete, Robinsons Tagaytay, Robinsons Iligan, Robinsons Galleria South, Robinsons La Union, and Robinsons Naga. Once the 1,287,562,302 common shares are issued to Robinsons Land Corp., RCR’s total issued and outstanding shares will increase to 20,836,365,310.