Philippines-based 8990 to offer PHP 5 billion perpetual preferreds

By Marisa Wong

Morgantown, W.Va., Sept. 22 – 8990 Holdings, Inc.’s board of directors has approved the issuance of 50 million non-convertible redeemable perpetual preferred shares, according to a 17-C filing with the Philippine Securities and Exchange Commission.

The preferreds, with a par value of PHP 1.00 each, will be offered at PHP 100 per share.

The company had registered to issue 100 million preferred shares, as announced in July.

8990 is a property developer based in Makati City, Philippines.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.