MANILA, Philippines—The Securities and Exchange Commission (SEC) has approved a P14.7-billion initial public offering planned by DDMP REIT Inc., a real estate investment trust (REIT) sponsored by property developer DoubleDragon Properties Corp.
“We just approved, at least at the level of the SEC the DoubleDragon REIT and we are expecting five more (listings) coming,” said SEC chair Emilio Aquino at a forum with the Financial Executives Institute of the Philippines (Finex) on Wednesday (Feb. 17).
DoubleDragon has infused the first six buildings in its single most valuable property portfolio—DD Meridian Park in Pasay City where the company’s headquarter office is and including th…
Keep on reading: SEC OKs P14.7-B IPO of DoubleDragon REIT