Hotel101 to have $2.3B equity following transaction

by The Manila Times

Apr 17, 2024 12:13 am

THE Singapore headquartered subsidiary of Philippine-listed investment company DoubleDragon Corp., Hotel101 Global Pte. Ltd. and affiliate JVSPAC Acquisition Corp. entered into a binding definitive merger agreement.

Hotel101 (HBNB) will have an equity value of $2.3 billion or P130 billion following the completion of the merger transaction, which is expected to close during the second half of 2024.

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