C04398-2018

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)
Jun 27, 2018
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, Philippines 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
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 4-31 - Press Release References: SRC Rule 17 (SEC Form 17-C)
Section 4.4 of the Revised Disclosure Rules

Subject of the Disclosure

8990 Breaks Ground On New Project In Ortigas Extension

Background/Description of the Disclosure

Leading affordable homes developer, 8990 Holdings Inc., marked another milestone on Wednesday during the ground-breaking ceremony of its largest urban home project in Metro Manila.

Urban Deca Homes Ortigas will bring in much needed affordable home-buying opportunities for especially to young professionals and those starting families. The development is located within a 13-hectare property along Ortigas Avenue Extension and will roll out 22 buildings that will bring in a little over 19,000 homes upon completion.

According to 8990 President & CEO, Willie J. Uy, “This project is very exciting for us since it is our first large scale development located very close to the city’s central business districts.”

The project is expected to attract buyers who current live rent or work in areas such as Pasig City, the Ortigas Central Business District, Libis, Antipolo and Taytay, Rizal.

“What is unique about Urban Deca Homes Ortigas is that we will be providing larger units, more open spaces, and wider road at this prime location. For our buyers, this will truly offer greater value for money.”

8990 Holding Inc is fast becoming a leader in the affordable home market in Metro Manila, with three existing projects in the Metro. It already has three existing projects in the Metro. Its first high rise building in Metro Manila, the 42-storey Urban Deca Tower Edsa, was already fully sold and completed within just 21 months after it was launched. It is already completing 1,024 units at Urban Deca Homes Campville in Muntinlupa City. Meanwhile, the company will spend a total of Php 8 billion through 2020 on Urban Deca Homes Manila in Tondo, Manila. Upon completion, its Tondo project will deliver some 13,000 units an estimated value of Php20 billion. In 2018 alone, Urban Deca Homes is expected to generate Php4 billion in sales.

Other Relevant Information

N/A

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