DoubleDragon to raise P10B from shares offer

NEWLY listed DoubleDragon Properties Corp., the property joint venture of founders of homegrown food chains Jollibee and Mang Inasal, said it will seek to raise up to P10 billion from a preferred shares offer to finance the company’s development projects.

In a disclosure to the Philippine Stock Exchange on Friday, DoubleDragon said it will offer to the public 100 million preferred shares at a par value of P100 per share.