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 22, 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
11F Liberty Center, 104 HV Dela Costa, Salcedo Village, Makati City, PhilippinesPostal Code1200
8. Issuer's telephone number, including area code
(632)4789659/5333915/5333917
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
5,517,990,720.00
Series A Preferred Shares
50,000,000.00
Corporate Bonds Series A, B, and C
9,000,000,000.00
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 on news article entitled “8990 Holdings remains bullish on potentials of mass housing”
Source
BusinessMirror (Internet Edition)
Subject of News Report
8990 Holdings remains bullish on potentials of mass housing
Date of Publication
Dec 21, 2017
Clarification of News Report
We reply to your request for clarification on news article entitled “8990 Holdings remains bullish on potentials of mass housing” posted in BusinessMirror (Internet Edition) on December 21, 2017. The article reported in part that:
“EXECUTIVES of 8990 Holdings Inc. on Thursday said they remain bullish on the growth prospects of the affordable housing industry in Metro Manila, as the mass-housing builder promises to spend P8 billion by 2020 on its largest development, Urban Deca Homes in Tondo, Manila. The 13-building project is within an 8.4-hectare property in Tondo, Manila. Upon completion, it will deliver a total of 13,000 units with an estimated value of P21 billion.
. . . .
For next year, however, the company is looking at launching five projects that will be located in different parts of the country, but mainly involves horizontal housing developments.”
………….. The Company confirms that paragraphs 1 and 2 are correct.
For paragraph 3, the Company clarifies that at least five projects will be launched in 2018. These would include both vertical and horizontal developments located in both Metro Manila and in various locations across the country.