DoubleDragon Chairman Edgar SIA II and joint chairman Tony Tan Cakting are in a pione Elastic [+]
Forbes' double armor photo
Hotel101 Global -DoubleDragon units, which are co -owned by the Philippine fast food fast food restaurant Jollibee. The founders Tony Tan Cakting and TycoON EDGAR SIA II -ready to list 2.3 billion U.S. dollars in Nasdaq in Nasda Key listing. (Spac).
The company said that the F-4 registration statement was submitted to the US Securities and Exchange Commission on February 1, which took a step of the Hotel101 Global to list its stock in Nasdaq.
“This marks an important step forward,” DoubleDragon said in the file. “DoubleDragon is expected to become the first Philippine company to be the first Sub -company Hotel101 Global, which is listed and traded on the Nasdaq Stock Exchange in the United States.”
Although DoubleDragon did not provide detailed information on the listing of Hotel101, it said that the IPO of Nasdaq's subsequent offer and proposed DoubleDragon's warehouse REIT will increase total revenue, totaling 51.3 billion pesos (US $ 880 million). This is the company's 13 The largest stock entertainment in the history.
Hotel101-GLOBAL NASDAQ has agreed to merged with the JvSPAC acquisition company headquarters in April in April. The company attaches importance to US $ 2.3 billion in hotel operators at Singapore headquarters.
The merger with JVSPAC-led by the Hong Kong Tycoon Albert Wong, Chief Executive Officer of Kingsway Group, Hong Kong, Macau and Guangzhou (Macau) and Guangzhou's Lamborghini are the only distribution. Business, the final Nasdaq list will help Nasdaq (NASDAQ by 2040, in two places in the Metropolitan Metropolitan Metropolis, there are more than 1,000 rooms in more than 500,000 rooms around the world. Room.
SIA told shareholders in December that by 2035, the global hotel expansion is the sales of DoubleDragon, and sales in 2035 have jumped from 25 billion pesos in 2023 to 500 billion Bettle. Doubleragon's co -founder and chairman said that within the same time, DoubleDragon's net profit will exceed four times to 50 billion pesos.
HOTEL101 is currently built 9 hotels in the Philippines, including 101 Libis, 702 rooms in Kuisong, northern suburbs of the Metropolitan Metropolitan, and on the islands of Cebu, Cebu, Boracay, Mianlan Island and Palawan. The company is also developed in the top three overseas projects in Niseko, Hokkaido, Madrid and Los Angeles.
