News & Updates
8990 Holdings expects up to 41.7 percent earnings hike in 2017
Leading mass housing developer 8990 Holdings Inc. is bullish about the company’s prospects this year as it expects earnings to jump as high as 41.7 percent with the launch of 11 new projects as they adopt to a generally more stringent permits and licensing environment.
8990 CEO Januario Jesus Gregorio Atencio said the company’s net income is expected to reach as much as P5.4 billion this year or P1.59 billion higher than last year’s P3.81 billion…
8990 Completes First Tower
8990-MEGAWIDE Ink P3.6B Condo Project in Quezon City
8990 Housing Development Corporation, a subsidiary of listed mass housing giant 8990 Holdings, Inc. (HOUSE) has signed with MEGAWIDE Construction Corporation a Memorandum of Agreement to construct 8990’s new condominium project in Quezon City, the “Urban DECA Towers-Cubao”.
8990 Holdings Taps China Bank Capital for PHP5.0 Billion Receivables Securitization
8990 Holdings, Inc., one of the country’s largest mass housing developers, today mandated China Bank Capital Corporation to arrange and underwrite the securitization of up to Php5.0 billion of contract to sell receivables of 8990’s property development subsidiaries.