News & Updates
Mass housing developer plans to acquire Cebu firm
MASS HOUSING developer 8990 Holdings, Inc. is expanding into the upscale property market with the acquisition of Cebu-based property firm GENVI Development Corp. In a statement issued Wednesday, the listed firm said it is finalizing the acquisition of GENVI...
8990 Holdings ventures into high-end segment
Leading mass housing developer 8990 Holdings has debuted into high-end property development with a deal to acquire Genvi Development Corp., one of Cebu’s top developers of upscale property.
Genvi’s flagship project is Monterrazas de Cebu, the biggest and last remaining contiguous mountain property development in the heart of Cebu City. It is a master-planned residential, commercial and institutional estate covering more than 200 hectares and offering a commanding view of Cebu, Mactan and Bohol.
8990 Holdings prepares P2-billion share buyback
Mass housing developer 8990 Holdings Inc. said Monday it will conduct a share buyback worth up P2 billion in a bid to enhance and improve shareholder value.
8990 Holdings said in a disclosure to the stock exchange it would implement the share buyback program for a period 18 months, or until August 1, 2020.
Financial Adviser: 5 Reasons Why HOUSE is the Best Performing Property Stock Since Market Bottom and How to Profit from It
The stock of housing developer 8990 Holdings (PSE: HOUSE) has been rising consistently since the PSE Index bottomed out in November last year. In fact, HOUSE rallied two weeks ahead of the market recovery in late October, gaining a total of 24.7 percent to date, the...
8990 net seen to hit P5.2B
Riding on a strong momentum from last year, mass housing developer 8990 Holdings expects net profit this year to reach P5.2 billion on the back of about P13 billion worth of revenue. Citing latest unaudited results, 8990 Holdings said it had hit its full-year 2018...
8990 Holdings sees P5.2 billion net income in 2019
MANILA -- Property developer 8990 Holdings Inc said Monday it expected net income of P5.2 billion in 2019, after it met its revenue target in the previous year. The company said it set revenue guidance at P13.5 billion this year after posting P11.5 billion in revenues...