Injap Sia-Tan Cak Tiong’s shares buyback fires up Double Dragon’s furious rally

Double Dragon Properties (DD) woke out of its two-month slumber after its householders, bilyonaryos Injap Sia and Tony Tan Caktiong, activated the company’s P500 million funds to buy once more its shares.

DD bought an entire of 4.28 million shares from February 2 to 7 at a price range of P6.85 to P9.28. DD jumped 33 % all through this searching for spree the place it accounted for 25 % to 40 % of the stock’s daily amount.

DD has clawed its technique once more to its November 15 worth stage when it started its collapse and languished on the P6.88 to the P7.30 range from December 2021 to January 2022.