8990 Holdings, Inc. completed the acquisition of 68% stake in Piccadilly Premier Land, Inc, from RDAK Land, Inc. and others.
July 09, 2022
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8990 Holdings, Inc. (PSE:HOUSE), entered into letter of intent to acquire 68% stake in Piccadilly Premier Land, Inc, from RDAK Land, Inc. and others for PHP 88.28 million on June 8, 2022. On June 9, 2022, 8990 Holdings, Inc. (PSE:HOUSE) entered into an investment agreement to acquire stake in Piccadilly Premier Land, Inc.
8990 Holdings, Inc. (PSE:HOUSE) completed the acquisition of 68% stake in Piccadilly Premier Land, Inc, from RDAK Land, Inc. and others on June 10, 2022.
8990 Holdings, Inc. is a Philippines-based holding company and a mass housing developer. The Company's business segment includes the construction of low-cost mass housing; construction of medium-rise condominium units; construction of high-rise condominium units, and hotel operations. Under the brand name DECA Homes, its residential subdivisions are located in Cebu, Iloilo, Davao, Pampanga and Cavite. It constructs over three types of housing unit, including single-story detached, single-story attached and townhouse. The floor areas range from 35 square meters (sq. m.) to 120 sq. m. Its facilities include concrete roads and an underground drainage system. It also develops low-cost residential complexes of medium-rise buildings (MRBs) under the Urban DECA Homes brand. The floor area for an MRB unit ranges from 25 sq. m. to 36 sq. m. The Company has also ventured into high-rise condominium projects under the brand name, DECA Towers in the urban areas of Metro Manila.
8990 HOLDINGS, INC. 
