The board of MerryMart Consumer Corp., owned by tycoon Edgar “Injap” Sia, has approved a plan to delist from the Philippine Stock Exchange, according to a report by Philstar Biz .
The company intends to exit the exchange as part of a restructuring that will make it a direct subsidiary of DoubleDragon Group.
Once completed, MerryMart will operate as a wholly owned subsidiary of DoubleDragon, effectively ending its public listing.