8990 Holdings acquires Cebu-based developer

By Ed Paolo Salting

Jun 14, 2022 12:12 am

8990 Holdings Inc. said it is acquiring a majority or 68 percent of the outstanding common shares of Cebu-based affordable housing developer Piccadilly Premier Land Inc.

The company entered into an investment agreement last June 9 with Piccadilly, real estate developers RDAK Land Inc., Acrissor Development Corp. and certain individuals for the majority bloc.

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