8990 HOLDINGS, Inc. has listed P3.7-billion Series B preferred shares on the Philippine Stock Exchange (PSE) on Wednesday.
Funds raised from the new offering will finance the operations and the construction of the housing development projects of 8990 Holdings’ subsidiaries.
“I am optimistic that with 8990’s strategy of growing its reach, diversifying its product offerings and exploring innovative financing products, the company will be able to help more Filipinos have homes they can call their own,” said PSE President and Chief Executive Officer Ramon S. Monzon in a statement on Wednesday.
A bell ringing ceremony on-site at the stock exchange was led by 8990 Holdings officers.
In attendance were Chairman Emeritus Luis N. Yu Jr., Chairman Mariano D. Martinez Jr., Chief Finance Officer Roan B. Torregoza, as well as China Bank Capital Corp. President Ryan Martin L. Tapia and Mr. Monzon.
Meanwhile, a virtual listing ceremony was attended virtually by the company’s directors and officers, as well as the PSE board of directors with Chairman Jose T. Prado. — Kaycee G. Valmonte