SECURITIES AND EXCHANGE COMMISSIONSEC FORM 17-C

CURRENT REPORT UNDER SECTION 17
OF THE SECURITIES REGULATION CODE
AND SRC RULE 17.2(c) THEREUNDER

1. Date of Report (Date of earliest event reported)

Dec 15, 2016

2. SEC Identification Number

CS200511816

3. BIR Tax Identification No.

239-508-223-000

4. Exact name of issuer as specified in its charter

8990 HOLDINGS INC.

5. Province, country or other jurisdiction of incorporation

Metro Manila, Philippines

6. Industry Classification Code(SEC Use Only)

7. Address of principal office

11th Floor, Liberty Center, H.V. dela Costa Street, Salcedo Village, Makati City Postal Code 1200

8. Issuer's telephone number, including area code

+634789659

9. Former name or former address, if changed since last report

N/A

10. Securities registered pursuant to Sections 8 and 12 of the SRC or Sections 4 and 8 of the RSA

Title of Each Class	Number of Shares of Common Stock Outstanding and Amount of Debt Outstanding
COMMON Shares	5,517,990,720
Fixed Rate Bonds	9,000,000,000

11. Indicate the item numbers reported herein

Item 9

The Exchange does not warrant and holds no responsibility for the veracity of the facts and representations contained in all corporate disclosures, including financial reports. All data contained herein are prepared and submitted by the disclosing party to the Exchange, and are disseminated solely for purposes of information. Any questions on the data contained herein should be addressed directly to the Corporate Information Officer of the disclosing party.

8990 Holdings, Inc.HOUSE

PSE Disclosure Form 4-13 - Clarification of News Reports References: SRC Rule 17 (SEC Form 17-C) and
Section 4.4 of the Revised Disclosure Rules

Subject of the Disclosure
Clarification of News Reports

Source	BusinessWorld Online
Subject of News Report	8990 allots up to P12.5B for capex
Date of Publication	Dec 14, 2016

Clarification of News Report
We reply to your request for clarification on the news article entitled “8990 allots up to P12.5B for capex” posted in Business World Online on December 14, 2016. The article reported in part that: “8990 HOLDINGS, Inc. is setting aside as much as P12.5 billion to acquire land, pursue more housing projects and subsequently grow its earnings by another 20% next year. The mass housing developer will likely spend P3 billion to P5 billion on landbanking activities and P7.5 billion on project development, its President and Chief Executive Officer Januario Jesus B. Atencio III told reporters last week. . . . . 8990 Holdings will launch at least eight residential projects next year. The pipeline includes a complex of residential buildings offering around 18,000 units near the Ortigas Center in Pasig City and three developments in Davao City, whic (sic) were caught in the permitting stage this year. The company is banking on condominium developments in Metro Manila to drive its financial performance going forward. Such projects will likely account for 45% of gross sales starting next year, Mr. Atencio said. 8990 Holdings is hoping for another 20% increase in gross sales as well as net income for 2017, from the corresponding P12-billion and P4.8-billion targets for the year. ‘We’re sticking with 20%. It’s the most prudent thing. Consider this: we’ve been hitting 20% without tapping the NCR market. Once I expand into NCR, should we not realize a faster growth? But, of course, I don’t want to over-promise,’ Mr. Atencio said. . . . .” By way of clarification, The CEO said that while the news reports are accurate enough, everything is still in the study phase for 2017. We are still finalizing our official targets in time for a public disclosure by January 2017. We hope this clarifies the news reports.
Other Relevant Information
N/A