DoubleDragon announced in August that it signed an settlement with HOA to collect a majority stake of the lodge operator and developer. The transaction can be paid in DoubleDragon commonplace stocks.
“As formerly disclosed, Injap Investments Inc. Shall be paid in DD not unusual shares priced at a 5 percent top class over the 30-day weighted common of the closing prices of DD common shares preceding the closing date of the transaction that is at P61.34 consistent with proportion,” the disclosure stated.
DoubleDragon in advance stated it decided to buy HOA because of the optimistic outlook of the us of a’s tourism enterprise.
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