C02367-2017

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)
Apr 24, 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 4-30 - Material Information/Transactions References: SRC Rule 17 (SEC Form 17-C) and
Sections 4.1 and 4.4 of the Revised Disclosure Rules

Subject of the Disclosure

8990 TO LAUNCH MAJOR MACTAN, CEBU PROJECT

Background/Description of the Disclosure

8990 Holdings yet again takes the lead in mass housing development through its two largest ventures in the Visayas region: DECA Homes Mactan Prime and Urban DECA Homes Mactan. Located in Lapu Lapu City, 8990’s newest projects offer family friendly communities near the vibrant city of Cebu.

Easily accessible through public transportation, both projects provide new affordable homes just minutes from the local school, hospital, commercial center and public market. It is also a mere 2.6 kilometers from the planned 3rd Mactan Bridge which is expected to be rolled out in 2022.

DECA Homes Mactan Prime and Urban DECA Homes Mactan, combined, account for close to 70 percent of the Company’s current pipeline in Cebu at a project cost of approximately Php7bn. These two projects are expected to be completed by the end of 2023.

DECA Homes Mactan Prime is situated within a 30-hectare property and has an estimated project value of Php4.2bn. Once completed, this gated community will provide 3,507 home units with a community gathering area and 16,000 sqm of commercial space where families can spend their leisure time.

Urban DECA Homes Mactan is a 15-hectare property valued at Php6.5bn that will house mid-rise buildings with a total of 6,828 units upon completion of the project.

The development offers studio and 2-bedroom units and paves the way for working professionals and start-up families to own their own condominium units easily accessible to the city center.

According to 8990 Holdings President and CEO Januario Jesus Gregorio B. Atencio III, “our projects in Cebu are a testament to our commitment to providing decent homes to the Filipino at an affordable price”.

Other Relevant Information

N/A

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