Business

Injap buys more MerryMart, Double Dragon shares

The country’s youngest bilyonaryo Injap Sia can’t seem to get enough of his listed companies – MerryMart Consumer and DoubleDragon Properties.

The 43-year old spent a total of P5.08 million worth of MerryMart and DoubleDragon shares in one day.

On September 17, Sia bought 836,000 shares of MerryMart at an average P3.04 each for a total value of P2.54 million. MerryMart is trading at three times its initial public offering price three months ago.

On the same day, Sia acquired 178,000 DoubleDragon shares at rough P14.29 each for a total purchase of P2.54 million.

DoubleDragon, Sia’s partnership with Jolibee’s Tony Tan Caktiong, has been on a freefall since peaking at P67.75 in June 2016.

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