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DoubleDragon gets OK for listing of up to 150 million shares

DoubleDragon Properties Corp. received May 29 the approval of the Philippine Stock Exchange Inc. for its follow-on offering of up to 150 million common shares.

The additional shares will be offered at a per-share price range of 30.00 to 40.00 Philippine pesos.

The listing of the additional shares is subject to the company adhering to the local bourse's post approval requirements.

As of May 30, US$1 was equivalent to 52.54 Philippine pesos.