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Low-cost housing developer 8990 Holdings Inc. is allocating P8 billion for its capital expenditures this year. Roan Buenaventura-Torregoza, the company’s CFO, said 8990 will fund the capex through Pag-IBIG takeouts. “We’ve been always with Pag-IBIG. As of June of this year, we managed to migrate P6 billion of Pag-IBIG takeouts,…
Housing developer 8990 Holdings, Inc. posted a 55 percent increase in net income to P3.65 billion in the first six months of 2022 from P3.46 billion in the same period last year. In a disclosure to the Philippine Stock Exchange, 8990 President and CEO Anthony Vincent Sotto said that the company wa
Mass housing developer 8990 Holdings Inc. is acquiring a controlling stake in Cebu-based affordable housing builder Piccadilly Premier Land Inc. for P88.28 million. In a disclosure to the Philippine Stock Exchange, 8990 said it has entered into an Investment Agreement with Piccadilly, RDAK Land, In
8990 sustains 2021 record performance in Q1 By JAMES A. LOYOLA The country’s leading mass housing developer 8990 Holdings, Inc. posted high double-digit growth rates in the first quarter as the economy continues to rebound from the effects of the COVID-19 pandemic. In a disclosure to the Philippi
Housing developer 8990 Holdings Inc. is planning a follow-on offering worth as much as P26.59 billion, consisting mostly of shares held by existing stockholders. In a statement, 8990 President and CEO Anthony Vincent Sotto said “the company views the follow-on offering as a re-IPO to re-introduce 8