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)

May 11, 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
Corporate Bonds (Series A, B, and C)	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	Inquirer.net
Subject of News Report	“8990 seeks to raise P8B for expansion”
Date of Publication	May 11, 2017

Clarification of News Report
We reply to your request for clarification on the news article entitled “8990 seeks to raise P8B for expansion” posted in Inquirer.net on May 11, 2017. The article reported in part that: “Mass housing developer 8990 Holdings plans to return to the capital market in the third quarter, aiming to raise P8 billion by selling a mix of preferred shares and pioneering bonds backed by housing receivables. 8990 Holdings intends to raise P5 billion from an issuance of preferred shares and another P3 billion from what is envisioned to be the first private sector-led issuance of asset-backed securities (ABS) in the Philippines, company president and chief executive officer Januario Jesus Atencio said in a briefing. . . . . 8990 Holdings is seeking to amend its charter to allow the reclassification of 100 million unissued common shares to preferred shares, paving the way for the offering of such preferred shares. This is the first tranche of a P10-billion shelf registration program. The fundraising plans are in line with the firm’s bid to boost cash flow to fund expansion. Asked why 8990 Holdings chose to offer preferred shares than common shares, company chief finance officer Roan Buenaventura-Torregoza said: ‘There’s discussion on the board on whether we want to do that because of dilution issue. They are not ready to be diluted.’ Atencio said the offering of preferred shares might happen around the same time that 8990 Holdings’ long-planned securitization deal would be executed. . . . .” The CEO clarifies that the news reports are accurate.
Other Relevant Information
N.A.