DoubleDragon Corporation (DD) has successfully completed its acquisition of MerryMart Consumer Corporation (MM), with nearly 99% of MerryMart shareholders agreeing to exchange their shares. The company founder, Injap Sia, shared this update along with ambitious growth plans for the combined group.

What Happened: The Merger Explained Simply

Think of it like this: Imagine you have two lemonade stands owned by the same family. Instead of running them separately, the family decides to combine them into one bigger business. That’s essentially what DoubleDragon did with MerryMart.

DoubleDragon internally calls this deal “Project Solidify.” Almost all MerryMart shareholders (99%) agreed to trade in their MerryMart shares for a combination of cash and DoubleDragon shares. According to the announcement, each DoubleDragon share was valued at Php 9.30 for this exchange.

Why Combine the Two Companies?

According to Sia’s message, bringing MerryMart fully into the DoubleDragon family will help the company:

• Make operations smoother and simpler
• Save money by reducing duplicate costs
• Create a more efficient business setup overall

Since MerryMart was already part of DoubleDragon’s business ecosystem, this merger is expected to make the entire group work better together in the long run.

DoubleDragon’s Stock Performance

In his message dated June 16, 2026, Sia noted that DoubleDragon’s stock was trading at Php 12.28 per share. This represents significant growth from when the company first listed on the Philippine Stock Exchange 12 years ago in 2014 at just Php 2 per share. That’s an increase of over 600% (or 6 times the original price) since the company’s initial public offering.

The Big 2035 Vision

Sia shared an ambitious goal for the next nine years. DoubleDragon aims to grow its total revenues by 1,800% – that means making 18 times more money than it does now. To put it in numbers:

• 2025 Revenue: Php 27.9 Billion
• 2035 Target: Php 500 Billion

To help visualize: if the company earned 100 pesos in 2025, they want to earn 1,800 pesos by 2035.

What’s DoubleDragon Working On?

In his update, Sia described his busy travel schedule working on various company projects:

• Hotel101: A hotel business model that DoubleDragon plans to bring to 100 countries worldwide. Sia was in Fuzhou, China for business related to this project.
• CentralHub: A warehouse complex being expanded in Capiz province
• Ascott at DD Meridian Park: Interior design work at the company’s headquarters
• Project Bloom: An upgrade initiative for CityMall locations nationwide to make them ready for younger Generation Z customers
• MerryMart Grocery: New store layout being developed at Nuvali

The DoubleDragon Family of Businesses

Former MerryMart shareholders who accepted the tender offer are now part of a larger group that includes:

• MerryMart: Grocery stores
• CityMall: Shopping centers
• DDMPR: DoubleDragon’s property arm
• CentralHub: Warehouse facilities
• Hotel101: Hotel business

According to Sia, the goal is to reach all 82 provinces in the Philippines with these businesses.

About the Founder

Injap Sia described himself as a “probinsyano” – someone who grew up in the provinces of the Philippines. He emphasized his serious commitment to achieving the company’s 2035 vision, calling it a potential “extraordinary Filipino entrepreneurial success” if accomplished.

Sia acknowledged that the journey won’t be easy or straightforward, but expressed confidence that with hard work, discipline, focus, and support from stakeholders, the team can work toward their goals.

This information comes from an official message from DoubleDragon’s founder to shareholders. The company included a standard disclaimer noting that forward-looking statements are based on management assumptions and actual results may differ.