DoubleDragon acquires 99 percent of MerryMart shares
DoubleDragon acquires 99 percent of MerryMart shares
Updated at: June 19, 2026 at 02:00 AM
DoubleDragon Corporation has officially moved to centralize its business operations by acquiring a 98.61% stake in MerryMart Consumer Corp.
This strategic acquisition, known as “Project Solidify,” was completed following a mandatory tender offer that ran from mid-May to mid-June 2026.
Minority shareholders involved in the deal were compensated with a balanced mix of cash and DoubleDragon shares.
With ownership now exceeding the 95% threshold, MerryMart is set to delist from the Philippine Stock Exchange, streamlining its integration into DoubleDragon’s extensive portfolio, which includes Hotel101 and CityMall.
The move is designed to create stronger operational synergies and improve financial efficiency across the group.
This consolidation is a critical step in DoubleDragon’s ambitious “2035 Vision,” a long-term roadmap that aims to grow total revenue to ₱500 billion by 2035.
By combining retail expertise with robust real estate holdings, DoubleDragon is positioning itself for significant expansion across all 82 Philippine provinces and a wider global footprint for its hotel brands.
