C06238-2023

SECURITIES AND EXCHANGE COMMISSIONSEC FORM 17-C

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)
Aug 11, 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, Philippines Postal Code 1302
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

Today August 11, 2023, DoubleDragon's CentralHub has conducted ground breaking ceremony on its 10.06-hectare prime CentralHub-Negros industrial warehouse complex project in the province of Negros Occidental.
Background/Description of the Disclosure

The Phase1 of CentralHub-Negros is expected to be completed in 2024 and the Phase2 in 2025. The 10.06-hectare land of CentralHub is located in J.Apitong Ledesma Street, Silay, Negros Occidental, and is about 5 minutes drive to the Silay Negros International Airport and about 25 minutes drive to Bacolod City proper and Bradco Bacolod Port. CentralHub-Negros will add about 74,000 square meters of industrial warehouse leasable space to DoubleDragon's total leasable portfolio.

DoubleDragon's CentralHub has also recently fully leased out its CentralHub-Cebu Danao project covering a 44,601sqm of industrial warehouse complex in its property located in Danao Cebu translating to a recurring rental income of P15.98 billion pesos for CentralHub over the lease term of CentralHub-Cebu.

CentralHub currently has already built 6 industrial warehouse complexes, and is simultaneously on various stages of development in various provinces in the country. CentralHub-Capiz recently commenced construction of its Phase3 due to fully leased out Phase1 and Phase2. Current tenants of CentralHub are Logistics companies, FMCG (fast moving consumer goods) companies, trading companies, distribution companies as well as the Jollibee Group. The largest commissary and distribution center of Jollibee, located in Laguna, where majority of the burger patties and other supplies come from, now forms part of the CentralHub portfolio.

CentralHub has currently grown its portfolio to 605,732 square meters of industrial assets, and continues to build out its P24.8 Billion industrial leasing portfolio as it prepares to become the first Philippine Industrial REIT IPO and aims to file as soon as the REIT capitalization rates go back to 5% to 6% levels.

DoubleDragon aims to soon make CentralHub one of the largest landlords of industrial warehouse complexes in Luzon, Visayas and Mindanao. CentralHub’s network of industrial warehouse complexes are suited for use as a warehouse, commissary, cold storage facility, and logistics distribution center.

DoubleDragon's longterm vision for the footprint of CentralHub warehouse complexes to operate one complex in each of the 82 provinces in Luzon, Visayas and Mindano, as DoubleDragon sees the industrial warehouse network to play a vital role in the forward development of the Philippines through improved logistical efficiency and DoubleDragon sees this countryside expansion to make lasting positive contribution in our collective efforts to Nation-Building.
Other Relevant Information

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Filed on behalf by:
Name Jose Roelph Desales
Designation Investor Relations Head