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Friday, February 21, 2020
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8990 Holdings to buy 200-ha land bank in Pampanga


LISTED 8990 Holdings Inc. is set to acquire a 200-hectare land bank in Pampanga to take advantage of the province’s strong demand for housing units. At a news briefing on the sidelines of the mass-housing developer’s stockholders meeting last week, 8990 President and Chief Executive Officer Willibaldo Uy said his company was close to acquiring the land bank at a price of over P1 billion. “The one that’s very close to acquisition mode is the one in Pampanga. It can go as much as 180 to 200 hectares, depending on the different landowners,” he told reporters. The acquisition in in response to the growing demand for 8990 housing units, after the firm’s first project there, Deca Clark Resort and Residences, was almost sold out. Shares of 8990 finished up by 0.51 percent or 8 centavos to P15.84 each last Friday.

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Today’s Front Page February 21, 2020

Today’s Front Page February 21, 2020