Published June 2, 2026 11:06am + Add GMA on Google Make this your preferred source to get more updates from this publisher on Google. Supermarket operator MerryMart Consumer Corp. is set to delist from the Philippine Stock Exchange (PSE) and become a direct subsidiary of DoubleDragon Corp., in line with efforts to optimize synergies with the Jollibee Group.The delisting was approved by MerryMart board on Monday, June 1, with a shareholders’ meeting scheduled on July 7, 2026.The tender offer of P0.48 per MerryMart share, payable half in cash and half in DoubleDragon shares valued at P9.30 each, started on May 18 and is set to end on June 16, 2026.“The main rationale of this transaction is to consolidate the focus of the DoubleDragon and MerryMart management team and to optimize the synergies that will be brought about by the combined forces of the DoubleDragon Group of the Injap Group and the Jollibee Group, who are the main principals of the combined DD and MM post merger of the two entities,” MerryMart said in a regulatory filing.MerryMart operates supermarket chain MerryMart Grocery, medium-format stores MerryMart Market, and small-format household essentials store MerryMart Express. It also operates Injap Supermart, MSuppliers, Carlos SuperDrug, Ceciles Pharmacy, and MM Wholesale.Trading of the company’s shares, which closed Monday, June 1, at P0.435 apiece, was suspended on Tuesday, June 2, due to the non-submission of the company’s first-quarter financial report and the board’s approval of voluntary delisting.DoubleDragon on Monday said it targets an 1,800% increase in total revenues to P500 billion by 2035, after posting a record-high P27.91 billion in 2025, driven mainly by stronger contributions from its overseas operations.The firm also plans to become debt-free and optimize its asset portfolio by 2025, expand its footprint across all 82 provinces in the Philippines through direct ownership or subsidiaries, and establish Hotel101 Global presence in 100 countries.—AOL, GMA News