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)

Feb 2, 2017

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	philSTAR.com
Subject of News Report	8990 issuing initial tranche of P5 pref shares
Date of Publication	Feb 2, 2017

Clarification of News Report
We reply to your request for clarification on the news article entitled “8990 issuing initial tranche of P5 pref shares” posted in philSTAR.com on February 2, 2017. The article reported in part that: “MANILA, Philippines - Listed mass housing developer 8990 Holdings plans to issue an initial tranche of the planned P5 billion preferred shares in July, officials said yesterday. Proceeds would be used to refinance existing debt, said Roan Buenaventura-Torregoza, chief financial officer of 8990. Torregoza said the company has the option to issue a second tranche of P5 billion, depending on the take-up of the first tranche. . . . . Shareholders approved the issuance of new shares during the company’s special stockholders’ meeting yesterday. The company is optimistic about its prospects this year, with new projects expected to contribute to P3 billion in sales. Delayed projects, on the other hand, are seen to generate P2 billion in sales. 8990 is looking at P13 billion to P14 billion in sales of around 13,000 housing units this year, said 8990 president and CEO Januario Jesus Atencio. Atencio said the company was looking at increasing its presence in Metro Manila. Meanwhile, he said 8990 likely missed its P12 billion revenue target for 2016 due to delay in some projects. . . . .” By way of clarification, the CEO said, "The statements from the CEO, as cited in the news reports today are accurate enough, although not the main topic in yesterday's press coverage. The context of the statements came from informal questions from some press reporters after the Special Stockholders meeting on the creation of preferred shares expected for listing around the 3rd Quarter of 2017. As far as the HOUSE preferred shares are concerned, these shall be non-voting, non-convertible, non-participating, redeemable and perpetual preferred shares. We shall be officially disclosing to the investing public the results of 2016 performance as well as guidance for 2017 on February 7, 3:00pm at Paranaque Room A & B, Makati Shangri La Hotel."
Other Relevant Information
N/A