CURRENT REPORT UNDER SECTION 17 OF THE SECURITIES REGULATION CODE AND SRC RULE 17.2(c) THEREUNDER
1. Date of Report (Date of earliest event reported)
Dec 4, 2023
2. SEC Identification Number
30354
3. BIR Tax Identification No.
287191423000
4. Exact name of issuer as specified in its charter
DoubleDragon Corporation
5. Province, country or other jurisdiction of incorporation
Republic of the Philippines
6. Industry Classification Code(SEC Use Only)
7. Address of principal office
DD Meridian Park Bay Area Brgy 76 Zone10, San Rafael, Pasay City, Metro Manila, PhilippinesPostal Code1302
8. Issuer's telephone number, including area code
+63288567111
9. Former name or former address, if changed since last report
N/A
10. Securities registered pursuant to Sections 8 and 12 of the SRC or Sections 4 and 8 of the RSA
Title of Each Class
Number of Shares of Common Stock Outstanding and Amount of Debt Outstanding
Common
2,345,028,600
Preferred
100,000,000
Total Debt (In Millions of Pesos)
56,047.60
11. Indicate the item numbers reported herein
Item 9
The Exchange does not warrant and holds no responsibility for the veracity of the facts and representations contained in all corporate disclosures, including financial reports. All data contained herein are prepared and submitted by the disclosing party to the Exchange, and are disseminated solely for purposes of information. Any questions on the data contained herein should be addressed directly to the Corporate Information Officer of the disclosing party.
DoubleDragon CorporationDD
PSE Disclosure Form 4-31 - Press Release References: SRC Rule 17 (SEC Form 17-C) Section 4.4 of the Revised Disclosure Rules
Subject of the Disclosure
DOUBLEDRAGON'S DRAGON8 MALL IN DIVISORIA MANILA HITS WEEKEND 3-YEAR-HIGH CUSTOMER FOOT TRAFFIC OF 67,136 AND EXPECTED TO FURTHER INCREASE IN THE COMING DAYS
DAILY CUSTOMER FOOT TRAFFIC IS EXPECTED TO EXCEED 200,000 ONCE THE NSCR URBAN RAIL TRANSIT PROJECT IS COMPLETED
Background/Description of the Disclosure
DoubleDragon's Dragon8 Mall in Divisoria Manila hits highest weekend customer foot traffic of 67,136 and expected to further increase in the coming days. Daily customer foot traffic is expected to exceed 200,000 once the NSCR urban rail transit project is completed.
The customer volume in DD's portfolio is expected to further increase in the coming weeks as the Holiday rush continues to build up.
The 6-storey Dragon8 Mall is located in the prime corner location of Recto Avenue and Dagupan streets, at the heart and busiest main center of Divisoria Manila.
Dragon8 Mall-Divisoria houses 405 operating tenants and top food choices such as Jollibee, Mang Inasal, Highlands Coffee and Chowking.
The foot bridge that connects straight to the 3rd Floor of Dragon8 Mall-Divisoria was built to make it more convenient for train commuters given the expected completion of the Malolos-Tutuban rail project next year, which is expected to carry 200,000 commuters daily.
The Tutuban Manila to Malolos Bulacan rail project forms part of the 163-kilometer North–South Commuter Railway (NSCR) urban rail transit system from Calamba Laguna to Clark in Central Luzon. The 38-kilometer Malolos-Tutuban segment is expected to carry more than 200,000 commuters daily. The travel time from Malolos to Tutuban once the project is completed is estimated to be 35 minutes.
The upcoming completion of the initial 38-kilometer Malolos-Tutuban rail project, to be followed by the completion of the whole 163 kilometers NSCR urban rail transit project is expected to become a major catalyst in further liven up the economic activity in Divisoria Manila area. Dragon8 Mall-Divisoria happens to be situated strategically and while many of the commercial complex in the area sits on a leased land, DoubleDragon's 6-storey prime commercial land where Dragon8 Mall sits is on its titled land covering the prime corner street in the heart of Divisoria Manila.
DoubleDragon’s Total Assets stands at P163 Billion and has so far completed 1.3 Million Square Meters of GFA portfolio, and to-date has over hundred hectares of usable vacant prime titled land spread out in strategic prime locations. This is all in line with DD’s commitment for the past 9 years since it conducted its IPO in the Philippine Stock Exchange, and that the DD team has meticulously acquired at prices way lower than the current prices and only pick strategically located hard titled assets that could increase in solid value multiple folds over time as it strongly believes in the underlying long term benefits of a company that sits in a vast and diversified carefully selected non-perishable string of titled prime hard asset portfolio in its balance sheet.
DoubleDragon’s nationwide Philippine portfolio of titled hard assets footprint strategically located in Luzon, Visayas and Mindanao, is expected to fully mature by 2025 and expected to exceed over P250 Billion asset value by 2030 (excluding DoubleDragon’s overseas asset portfolio).
DoubleDragon CorporationDD