SECURITIES AND EXCHANGE COMMISSIONSEC FORM 17-C

CURRENT REPORT UNDER SECTION 17
OF THE SECURITIES REGULATION CODE
AND SRC RULE 17.2(c) THEREUNDER

1. Date of Report (Date of earliest event reported)

Aug 7, 2017

2. SEC Identification Number

30354

3. BIR Tax Identification No.

287191423000

4. Exact name of issuer as specified in its charter

DoubleDragon Properties Corp.

5. Province, country or other jurisdiction of incorporation

Republic of the Philippines

6. Industry Classification Code(SEC Use Only)

7. Address of principal office

DD Meridian Park Bay Area Brgy 76 Zone10, San Rafael, Pasay City, Metro Manila, Philippines Postal Code 1302

8. Issuer's telephone number, including area code

+6328567111

9. Former name or former address, if changed since last report

N/A

10. Securities registered pursuant to Sections 8 and 12 of the SRC or Sections 4 and 8 of the RSA

Title of Each Class	Number of Shares of Common Stock Outstanding and Amount of Debt Outstanding
Common	2,229,730,000
Preferred	100,000,000

11. Indicate the item numbers reported herein

-

The Exchange does not warrant and holds no responsibility for the veracity of the facts and representations contained in all corporate disclosures, including financial reports. All data contained herein are prepared and submitted by the disclosing party to the Exchange, and are disseminated solely for purposes of information. Any questions on the data contained herein should be addressed directly to the Corporate Information Officer of the disclosing party.

DoubleDragon Properties Corp.DD

PSE Disclosure Form 4-30 - Material Information/Transactions References: SRC Rule 17 (SEC Form 17-C) and
Sections 4.1 and 4.4 of the Revised Disclosure Rules

Subject of the Disclosure
Board Approves Follow On Offering Plan to enhance trading liquidity and further strengthen its balance sheet with higher equity levels
Background/Description of the Disclosure
The Board of Directors of DoubleDragon has just approved plans for a follow on offering of up to P7.5 Billion or 150,000,000 common shares which is expected to enhance trading liquidity and further strengthen its balance sheet with higher equity levels. The Company aims to be included as one of the blue chip stocks in the PSEi in the near term. Last September 2016, DoubleDragon was one of five listed companies included in the PSEi reserve list due to the growth in the Company’s market capitalization. Steady trading activity in the stock is one of the important criteria in its inclusion in the PSEi and the Company believes that a follow on offering will not only increase trading volumes in the stock but will also allow the entry of a good base of institutional investors to further strengthen the position of DD in the international investment community. The follow on offering will also result in the increase of the Company’s total equity that will further strengthen its financial position. As of March 31, 2017 the Company’s Total Equity stood at P19.96 Billion with Total Assets at P49.7 Billion.
Other Relevant Information
Please see attached letter dated August 7, 2017.