LISTED belongings developer DoubleDragon Properties Corporation has officially entered the hospitality quarter after finishing the purchase of a majority stake in Hotel of Asia Inc (HOA), if you want to function its hospitality arm within the u . S . A ..
In a disclosure to the Philippine Stock Exchange on Thursday, DoubleDragon said it has finished the acquisition of 70 percentage of HOA for P832.17 million.
HOA owns, operates, and develops hotel initiatives. It turned into established in 2011 as a joint undertaking among Injap Investments Inc.(III), a conserving organisation owned by using DoubleDragon chairman Edgar “Injap” Sia II; Chan C. Bros. Holdings, Inc. (CCBHI) of the Oishi Group; and Staniel Realty Development Corp. (SRDC).
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