INVESTMENT holding firm DoubleDragon Corp. (DD) is expanding into the retail market after its board approved the acquisition of a 35-percent equity interest in MerryMart Consumer Corp. for P1.28 billion.
In a disclosure on Wednesday, DoubleDragon said it would be acquiring some 2.66 billion common shares of MerryMart at P0.48 per share from shareholder Injap Investments Inc., subject to all applicable regulatory approvals.
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