Edgar “Injap” Sia II is a name synonymous with entrepreneurial success in the Philippines. From humble beginnings, Sia built an empire that changed the country’s business landscape, proving that vision, hard work, and strong partnerships can create lasting impact. As the founder of Mang Inasal, and later, a leader in real estate and hospitality through DoubleDragon Corporation, CityMall, and Hotel 101, Sia has shown remarkable business skills. His journey is an inspiration for aspiring entrepreneurs looking to turn their ideas into reality.
From Small Beginnings to Big Success
Sia’s entrepreneurial journey started in 2003 when he founded Mang Inasal in Iloilo City. Seeing the potential of the fast-food industry, he quickly expanded the brand, leading to its acquisition by Jollibee Foods Corporation in 2010. Instead of stopping there, Sia took on a bigger challenge—real estate development—by co-founding DoubleDragon Corporation with Jollibee’s Tony Tan Caktiong. His projects have since transformed commercial spaces across the Philippines, providing accessible, high-quality real estate solutions for Filipinos.
Smart Investments & Business Growth
Under Sia’s leadership, DoubleDragon Corporation has grown rapidly, with key projects like CityMall, a nationwide chain of community malls, and Hotel 101, an innovative asset-light uniform hybrid condotel business model. CityMall brought modern retail experiences to underserved areas, while Hotel 101 allowed unit owners to own hotel units and earn from them. With a focus on sustainability and long-term growth, DoubleDragon continues to expand in both local and international markets, cementing its role as a leader in real estate.
A Strong Partnership with Unicapital
Throughout his business journey, Sia has formed key partnerships, one of the most important being with Unicapital. With the help of Unicapital’s expertise in investment banking and financial advisory, DoubleDragon Corporation has successfully raised funds through various offerings:
● 2014: P1.16 billion Initial Public Offering (IPO) for DoubleDragon Properties Corporation, making it a publicly traded company and fueling its early growth.
● 2016: P10 billion Preferred Shares Offering for DoubleDragon Properties Corporation, strengthening its financial position and funding expansion plans.
● 2024: Fixed-Rate Bond Offerings (P6 billion, P4 billion, and P10 billion) for DoubleDragon Corporation, securing funds for further projects and business growth.
- 2025: Fixed Rate Bond Offering (P9.1 billion) for DoubleDragon Corporation, fuel for further expansion
These major financial transactions show the strong collaboration between Sia and Unicapital in driving economic progress and real estate innovation. Their partnership highlights the importance of financial support in achieving ambitious business goals.
DoubleDragon Corporation started the year of the snake 2025 with a bang, successfully listing its 7.77% p.a. Peso denominated Fixed Rate Bonds due 2032 on the Philippine Dealing & Exchange Corp. (PDEx) on Feb 21, 2025. The bond offer, DD’s first and last for 2025, was well taken up, surpassing the PhP5.0B base offer to raise a total of PhP9.1B from institutional and retail investors. Unicapital, Inc. acted as Joint Issue Manager, Joint Lead Underwriter, and Bookrunner for the issuance.
Inspiring Future Entrepreneurs
Edgar “Injap” Sia’s journey from a small-town entrepreneur to a business icon proves that determination, smart strategies, and the right partnerships can lead to success. His story inspires aspiring entrepreneurs to dream big and take action.
Unicapital is proud to be part of this journey, supporting DoubleDragon Corporation’s growth and success. As we continue this partnership, we look forward to helping more businesses grow and succeed.
Unicapital, Inc. is a full-service investment house licensed by the Philippine Securities and Exchange Commission and provides a wide array of finance and investment banking-related services.
