C01989-2018

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)
Mar 26, 2018
2. SEC Identification Number
CS 2005 11 816
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, HV Dela Costa, Salcedo Village, Makati City Postal Code 1200
8. Issuer's telephone number, including area code
(632) 4789659/5333915/5333917
9. Former name or former address, if changed since last report
na
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
Preferred Shares 50,000,000
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 4-31 - Press Release References: SRC Rule 17 (SEC Form 17-C)
Section 4.4 of the Revised Disclosure Rules

Subject of the Disclosure

8990’S METRO MANILA CONDO COMPLETED AND SOLD AFTER 21 MONTHS FROM LAUNCH

Background/Description of the Disclosure

8990 Holdings Inc, one of the country’s top affordable homes developer, announced that its first high rise development in Metro Manila has already been completed and fully sold just 21 months after it was launched.

According to 8990 President & CEO, Willie J. Uy, “The fast take-up of the units convinced us to continue development of these types of units along major thoroughfares”.

Urban Deca Towers Edsa (UDT Edsa) is a 42-floor residential building that has a total of 1,143 units.

UDT Edsa started turning over units in the third quarter of 2017. Currently, there are a total of 445 units occupied with unit turnover activities still on-going. Amenities include a foodcourt, a convenience store and a self-service laundromat.

“I believe micro-condos will be the norm rather than the exception in the future especially in larger cities such as Metro Manila. Higher home prices have resulted in people moving outside of the Metro and end up travelling more than two hours to where they work. What we have done is provide students and workers with a home during the weekdays. What they typically would spend in renting a dorm or commuting is enough to cover their monthly amortization. UDT-Edsa not only creates work-life balance but also allows our buyers to own an asset in the heart of the city”, said Mr. Uy.

By 2020, 8990 Holdings Inc will have over 15,000 housing units in Metro Manila. Aside from UDT Edsa, the Company is currently developing 13,112 units at Urban Deca Homes Manila located in Tondo, Manila and 1,024 units at Urban Deca Homes Campville in Muntinlupa City.

Other Relevant Information

NA

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