C07234-2017

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)
Dec 4, 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 Business World
Subject of News Report “8990 targets at least P12-billion revenues in 2018”
Date of Publication Dec 4, 2017
Clarification of News Report

We reply to your request for clarification on the news article “8990 targets at least P12-billion revenues in 2018” published in the December 4, 2017 issue of Business World. The article reported in part that:

“MASS HOUSING developer 8990 Holdings, Inc. is banking on the acceleration of project launches to push revenues higher in 2018.
‘We hope to be able to book at least P12 billion, on the low side, and hopefully we can do P14 billion revenues. Net income is 40% (of revenues), always. That’s what defines us as a corporation’, 8990 Chairman Mariano D. Martinez, Jr. told reporters after the listing ceremony of its P5-billion preferred shares last Friday.
. . . .
Mr. Martinez said the company’s performance in 2018 will be boosted by more project launches as they have secured necessary permits.
‘Kasi marami na kaming permits na nalabas, so we will be able to launch them faster,’ he said.
. . . .
8990 is planning to launch five projects worth P60 billion in sales next year, with one located in Cebu, one in Iloilo, two in Davao, and another in Ortigas.
. . . .”
The Company clarifies that we are looking at a revenue growth rate of 10% to 15% for 2018 from 2017 year-end topline figures.

The Company confirms that it plans to launch five projects worth P60 billion in sales next year, with one located in Cebu, one in Iloilo, two in Davao, and another in Ortigas.

Other Relevant Information

N.A.

Filed on behalf by:
Name Tracy Ilagan
Designation Investor Relations Officer