Business

Business · Biography

1977—

Edgar “Injap” Sia II

The Iloilo entrepreneur who founded Mang Inasal, sold the restaurant chain to Jollibee and partnered with Tony Tan Caktiong to build DoubleDragon.

Philippines Iloilo City, Philippines Updated 14 October 2026
Portrait of Edgar Injap Sia II released by the Philippine Department of Trade and Industry
In this biography

Quick facts

Born
1977
Birthplace
Iloilo City, Philippines
Nationality
Filipino
Known for
Founding Mang Inasal and using its growth to build a second enterprise in property and hospitality
Known as
Injap
First national brand
Mang Inasal, founded in Iloilo in 2003
Current role
Chairman and CEO, DoubleDragon Corporation
Business partner
Tony Tan Caktiong

Why this life matters

Sia’s career links provincial consumer insight, franchising and an entrepreneurial exit with a second act in community malls, offices, warehouses and hospitality.

Timeline

Key moments

  1. Born in Iloilo

    Born into a Filipino Chinese-Japanese family in Iloilo City.

  2. Entered hospitality

    Helped establish People’s Hotel in Iloilo with classmates and family-backed investors.

  3. Opened Mang Inasal

    Opened the first Mang Inasal at Robinsons Place Iloilo on 12 December.

  4. Began franchising

    Used a franchise model to expand the restaurant beyond its home market.

  5. Sold a controlling stake to Jollibee

    Jollibee Foods Corporation acquired 70 percent of Mang Inasal after the chain reached hundreds of branches.

  6. Formed DoubleDragon partnership

    Joined Tony Tan Caktiong and their families to develop the property company.

  7. Listed DoubleDragon

    The company entered the Philippine Stock Exchange and expanded its capital base.

  8. Completed the Mang Inasal exit

    Jollibee acquired the remaining 30 per cent, making the restaurant business wholly owned by the group.

  9. Hotel101 began Nasdaq trading

    DoubleDragon’s hospitality subsidiary listed under HBNB following its business combination with JVSPAC.

Mang Inasal’s Iloilo beginning

Edgar “Injap” Sia II was born in Iloilo City in 1977. His national business profile emerged from Mang Inasal, whose first restaurant opened at Robinsons Place Iloilo on 12 December 2003. The brand’s own history identifies Sia as its founder and connects its grilled-chicken offering with Iloilo’s inasal tradition.

The restaurant combined a familiar regional food with a format that could be repeated across locations. Franchising began in 2005, extending the business beyond its original store. Its growth is a provincial entrepreneurship story, but also a story about distribution: a successful dish became a national brand through outlets, franchise relationships and operating systems.

Sources for this section: [4] · [6]

Jollibee acquired Mang Inasal in stages

Jollibee Foods Corporation’s 2010 annual report records the acquisition of a 70 per cent interest in Mang Inasal. That transaction transferred control, rather than immediately giving the buyer every share. Sia’s investment group initially retained a minority interest.

Jollibee’s disclosure index records the acquisition of the remaining 30 per cent in April 2016. Only the later transaction completed the group’s ownership of Mang Inasal. Separating the two stages avoids describing the 2010 deal as an immediate total exit. It also clarifies the relationship between Sia’s restaurant success and his subsequent ventures: he became an entrepreneur associated with a new investment platform, not the continuing independent owner of the restaurant chain.

Sources for this section: [5] · [7]

DoubleDragon and the second venture

Sia partnered with Jollibee founder Tony Tan Caktiong and their families in 2012 to develop DoubleDragon, which listed on the Philippine Stock Exchange in 2014. The company’s board identifies Sia as chairman and chief executive and Tan Caktiong as co-chairman. This is a separate corporate partnership, not a change of name for Mang Inasal.

DoubleDragon’s property businesses include community malls, offices, industrial warehouses and hospitality. They depend on construction, financing, tenants and guests, rather than the restaurant franchise model alone. The shift gave Sia a second business platform with a different capital structure and income cycle. Public listing also meant that the company reported to investors beyond its founding families.

Sources for this section: [1] · [2]

Hotel101’s hospitality model

Hotel101 develops standardised hotel accommodation while allowing third-party buyers to own individual units within managed properties. DoubleDragon’s September 2025 offer supplement describes the unit-owner model and the booking platform intended to connect properties internationally. The hotel operator’s business and a unit buyer’s ownership are different parts of that structure.

The same document describes developments in Niseko, Madrid and Los Angeles as part of the overseas strategy. These were dated project and land-development disclosures, not evidence that every hotel had opened or reached profitability. The hospitality platform extends Sia’s interest in repeatable consumer formats while introducing construction, occupancy and cross-border execution risks.

Sources for this section: [8]

Nasdaq listing and the limits of a founder narrative

Hotel101 began trading on Nasdaq under the ticker HBNB on 1 July 2025, following a business combination involving JVSPAC. The September offer supplement records that milestone. It was the listing of the hospitality subsidiary, not the transfer of DoubleDragon’s own Philippine listing to the United States.

Sia’s career now connects a regional restaurant brand, a staged corporate sale, Philippine property investment and an international hospitality vehicle. Each stage has a different ownership structure. The listing documents and company board records establish transactions and responsibilities; they do not turn corporate valuations, hotel-development targets or portfolio assets into a verified estimate of his personal wealth.

Sources for this section: [8] · [1]

Quick answers

Frequently asked questions about Edgar “Injap” Sia II

Who is Edgar “Injap” Sia II?
Edgar “Injap” Sia II is a chairman and CEO of DoubleDragon Corporation. Sia’s career links provincial consumer insight, franchising and an entrepreneurial exit with a second act in community malls, offices, warehouses and hospitality.
What is Edgar “Injap” Sia II best known for?
Edgar “Injap” Sia II is best known for founding Mang Inasal and using its growth to build a second enterprise in property and hospitality.
When and where was Edgar “Injap” Sia II born?
Edgar “Injap” Sia II was born in 1977 in Iloilo City, Philippines.

Keep exploring

Lives connected to this story

Sources and further reading

Explore the evidence

These references support the biography and offer further reading. Official records, first-person accounts and independent reporting provide different perspectives; image records document attribution and licensing.

  1. 1. DoubleDragon CorporationBoard of Directors — Edgar J. Sia II
  2. 2. DoubleDragon CorporationDoubleDragon 2024 Annual Report
  3. 3. DoubleDragon CorporationDoubleDragon Final Prospectus
  4. 4. DoubleDragon CorporationEdgar “Injap” Sia II: The Promdi Billionaire
  5. 5. Jollibee Foods CorporationJollibee Foods Corporation 2010 Annual Report
  6. 6. Mang InasalMang Inasal brand history and first restaurant
  7. 7. Jollibee GroupJFC disclosures: acquisition of remaining Mang Inasal interest, April 2016

    The issuer’s disclosure index lists the 22 April 2016 acquisition of the remaining 30 per cent. It is used alongside the 2010 annual report to distinguish control from complete ownership; no unsupported transaction-price or personal-wealth estimate is added.

  8. 8. DoubleDragon CorporationFinal offer supplement, September 2025: Hotel101 and group businesses

    This dated issuer document supports the Hotel101 model and July 2025 Nasdaq milestone. Its development projects and forward-looking plans are not treated as completed hotels or guaranteed investment returns.

  9. 9. Wikimedia CommonsPortrait and licence record
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