DoubleDragon Boosting War Chest With P51-B Fund-Raising Initiatives

YEAR OF THE DRAGON

- By Richmond Mercurio

DoubleDragon Corp., the listed property developer owned by Edgar "Injap" Sia II and Tony Tan Caktiong, is bolstering significantly its war chest with capital-raising initiatives worth P51.3 billion planned for this year, the largest equity increase to be generated in the firm's 13-year history.

Sia, chairman and CEO of DoubleDragon, said he expects 2025 to be the most significant year in the company's history since the joint venture came to life in 2012.

"This year 2025, DoubleDragon expects to generate the largest equity increase in its history from its multiple capital initiatives in the pipeline, with the upcoming Hotel101 Global US equity listing and equity follow-on and the CentralHub REIT listing expected to raise a total of P51.3 billion in fresh equity capital," Sia told The STAR, adding that "2025 is the defining moment year in DoubleDragon Corp.'s 13-year history."

DoubleDragon subsidiary Hotel101 Global is gearing up to become the first Filipino company to list in the US via a special purpose acquisition company.