Bilyonaryo Edgar Injap Sia’s DoubleDragon Properties Corp. has been added to the FTSE Global Equity Index Series (FTSE GEIS) Asia Pacific for Ex Japan and Ex China.
FTSE GEIS provides a robust global equity index framework and is used by many top equity investment fund managers globally.
Sia, DoubleDragon chairman, said this notable recognition of the company in the international capital markets would increase DoubleDragon’s visibility among both domestic and global investors.
“We are pleased to be included in one of the most reputable and recognized global equity indices in the world. This FTSE Global index inclusion will further inspire DoubleDragon to solidify the company’s fundamentals for the benefit of all its stakeholders,” said Sia.
He said 2021 is shaping up to be a milestone year for the company as it has “significantly boosted both its cash and equity position with the recent ₱14.7 billion REIT listing and the ₱3.97 billion CentralHub equity partnership with Jollibee.”
According to Sia, DoubleDragon has P61.03 billion in total equity, one of the highest among other listed companies.
The company’s net debt to equity ratio is also among the lowest and healthiest, said DoubleDragon chief investment officer Hannah Yulo-Luccini.
DoubleDragon is set to end 2021 with 1.2 million square meters completed gross floor area.