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Home a loan by Philippine Daily inquirer

Published at Philippine Daily Inquirer By: Conrado R. Banal III

This little-known company, together with its rather unusual name of “8990 Holdings,” just listed on the stock market on Wednesday some P9 billion worth of shares in a follow-on public offering (FPO).

Okay, it may be too early to tell how the market rates the sizable FPO, whether or not it will turn out to be a “hot one.”

Still, the share prices of 8990 Holdings (under the trading symbol HOUSE) have been steady in the past two years, or ever since its backdoor listing. The listed company was originally known as IP Converge Data Center, an IT company which 8990 Holdings acquired a few years ago in an attempt to tap, eventually, the market for funding. Read more...

NEWS - US investment group to invest P2.9-B in PH developer

From : ABS-CBNnews.com

Posted at 05/01/2014 5:20 PM | Updated as of 05/01/2014 5:20 PM

MANILA, Philippines - International investment company TPG Capital is buying a P2.9 billion stake in Philippine low-cost housing company 8990 Holdings.

TPG Capital had previous holdings in big names like Del Monte Foods and Tiger Airways, and current holdings in Neiman Marcus and China Grand Automotive.

It has diversified investments ranging from food to telecoms to pharmaceuticals.

"We are thrilled to participate with 8990, the largest home builder in the Philippines, as they address an important need in the country with very attractive and affordable housing," Tim Dattels, managing partner of TPG Asia, said. Read more...

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Tisa Labangon Cebu City

Now Accepting Full-time/Part-Time Agent

Contact us for a free site visit

Almira Kaamiño Villa

Exclusive Marketing Unit Manager of 8990
HDC  UNIT 303 8990 Building,
Negros St., Cebu Business Park
Ayala Cebu City

Sun: (+63) 932-850- 0830
Globe: (+63)  917- 701- 2326
Landline:(032) 511- 3319
Vibe acct:  0917- 701- 2326


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