C07203-2016

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 27, 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 Holdings says in talks to acquire stake in Megawide
Date of Publication Dec 27, 2016
Clarification of News Report

We reply to your request for clarification on the news article entitled “8990 Holdings says in talks to acquire stake in Megawide” posted in BusinessWorld Online on December 27, 2016. The article reported in part that:

”8990 HOLDINGS, Inc. is looking into owning a part of Megawide Construction Corp. whose prefabrication expertise could support the mass housing developer’s foray in condominium development.

In a Dec. 9 interview, 8990 Holdings President and Chief Executive Officer Januario Jesus B. Atencio III confirmed that discussions with Megawide over a possible stake acquisition have been taking place.

‘We’re just talking about it -- baka pwede. Kung baka, magkano? (Maybe it is possible. If possible, then how much?),’ said Mr. Atencio when asked about ongoing talks of buying into the diversified infrastructure and engineering conglomerate.

. . . .

Megawide is the contractor of choice for the vertical residential developments of 8990 Holdings, with Mr. Atencio noting: ‘We even have a memorandum agreement: in this mass housing space, we’re the only client but all our buildings, it’s theirs. So, that’s already a significant step.’

Acquiring a stake in Megawide can prove beneficial for a company that intends to launch more vertical residences in the National Capital Region and source 45% of its gross sales from such projects starting next year.

. . . .”

By way of clarification, The CEO said, “The context of the news referred to very informal discussions on the possibility. While it is true that we are in partnership with MWIDE for our high rise condominiums in metro Manila, there is nothing final, official or even preliminary regarding this matter of acquisition that should have been brought to the attention of the public.”

Other Relevant Information

N/A

Filed on behalf by:
Name Mohammad Taha Basman II
Designation Investor Relations Officer