Dominion Holdings Inc. (DHI) will use the book values of three companies to determine the share exchange ratio for its planned merger with Indophil and Sonar.
In a disclosure on Thursday, DHI said its management, acting on authority granted by its board of directors, had approved a book-to-book valuation based on the companies’ respective audited financial statements.
DHI, which is led by business groups including the Sy and Consunji families, is repurposing itself to focus on long-term investments in the mining sector.
Indophil is an Australian mining firm, while Sonar is an investment holding company owned by the Sy family.
Under the merger, DHI will issue common shares to Indophil and Sonar shareholders in exchange for their canceled shares. The number of DHI shares to be issued will be based on the resulting exchange ratio.
Indophil and Sonar will transfer all their assets and liabilities to DHI, which will remain the surviving entity.
DHI did not disclose the specific exchange ratio or the number of shares it will issue to Indophil and Sonar.
The company started in 1981 as BDO Leasing and Finance, Inc. It changed its name to Dominion Holdings in July 2022 after stopping its traditional leasing and financing operations to transition into a holding firm.
In March 2026, BDO Unibank sold its 70 percent controlling stake in DHI to Monte Sur Equity Holdings, Inc. for ₱2.54 billion, making DHI independent of BDO.
DHI acquired a 20.43 percent stake in Atlas Consolidated Mining and Development Corporation to jumpstart its mining portfolio.
