On September 1, 2025, 8990 Holdings, Inc. (“HOUSE” or the “Company”) disclosed through Company Announcement No. CR06248-2025 its receipt of a Tender Offer Report from 8990 Housing Development Corporation (“8990 HDC”), in relation to the Company’s voluntary delisting. The tender offer of HOUSE shares will be conducted from September 2, 2025 to September 30, 2025, with a Cross Date of October 7, 2025.
An amended Tender Offer Report was filed by the Company on October 1, 2025 and further on October 6, 2025 under Company Announcement Nos. CR06630-2025 and CR06713-2025, respectively, to reflect the results of the Tender Offer. The Company’s public float will breach the minimum public ownership requirement of the Exchange upon the crossing of the tendered shares.
Pursuant to the Amended Rule on Minimum Public Ownership of the Exchange (the “MPO Rule”), listed companies which become non-compliant with the minimum public ownership “shall be suspended from trading for a period of not more than six (6) months and shall be automatically delisted if it remains non-compliant with the MPO after the lapse of the suspension period.”
As previously announced, the Exchange implemented a trading suspension on HOUSE shares at 9:02 a.m. after the execution of the crossing of shares today, October 7, 2025.
The Exchange will apprise the trading participants and the investing public of further developments on the matter. |
NOTICE