DoubleDragon Properties Corp. subsidiary, DDMP REIT INC commences the public offering for its planned stock market listing.
It has already received its receipt of Permit to Sell from the Securities and Exchange Commission (SEC) for its Primary Offering of 5.9 billion common shares with an over-allotment option of up to 594.2 million common shares at an offer price of P2.25 per offer share.
In accordance to its REIT Plan, DDMP REIT’s timetable of the Offer is expected to be as follows:
• Offer Period: March 10 to 16, 2021
• Listing Date: March 23, 2021
• Applications can be made online through the PSE EASy website for just a minimum of 1,000 shares per investor.