DoubleDragon Properties Corporation conducts maiden listing

DoubleDragon Properties Corporation or “DD” conducted its maiden listing on the stock exchange after raising over Php 1.16 billion in total proceeds. DD is a joint venture between Injap Investments Incorporated and Honeystar Holdings Corporation.

DD is the first company to hold an initial public offering for 2014 and the first company to list on the Small, Medium and Emerging Board under the new Listing Board Structure introduced last year.

In his welcome remarks during the listing ceremony, PSE Chairman Jose T. Pardo said that DoubleDragon’s listing at the SME Board shows that the Exchange can be a compelling venue for raising capital for up and coming companies that want to push their growth to new heights.

(from L-R) DD Independent Director Vicente Perez, Jr.; DD Board Adviser and Former Chief Justice Artemio Panganiban; DD Co-Chairman Tony Tan Caktiong; DD Chairman Edgar “Injap” Sia II; PSE Chairman Jose T. Pardo; PSE President and CEO Hans B. Sicat and DD Director William Tan Untiong.