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Low-cost housing developer 8990 Holdings Inc., has secured the corporate regulator’s approval to raise as much as P13 billion from a follow-on share sale.

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                    [Title] => 8990 Holdings posts 64% profit growth to P2.1B
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Mass housing developer 8990 Holdings Inc., formerly IP Converge Data Center Inc., said its profits hit P2.1 billion in January to September, up 64 percent from P1.28 billion last year on strong sales of low-cost homes.

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                    [Title] => 8990 Group fails to buy out Seacem minority stockholders
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The new controlling group in dormant holding firm Southeast Asia Cement Holdings Inc. (Seacem) failed to buy out the minority shareholders in a mandatory tender offer.

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                    [Title] => 8990 Holdings expects P2-B earnings this yr
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8990 Holdings Inc., the company behind mass market brands Deca Homes and Urban Homes, said it expects to breach the P2-billion profit mark this year.

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                    [Title] => Local group to invest P8 billion in IP Converge
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The 8890 Group of Companies, one of the leading low-cost housing developers in Visayas and Mindanao, is infusing up to P8 billion worth of assets into IP Converge Data Center Inc. in line with its plan to transform the listed technology firm into a holding company.

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Majority shareholders of IP Ventures Inc. have sold 79.507 percent of listed technology firm IP Converge Data Center Inc. (Cloud) to Cebu-based 8990 Group of Companies, one of the leading low-cost housing developers in Visayas and Mindanao.
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                    [Title] => E-Games breaks into casino gaming, tourism
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IP E-Game Ventures Inc., the listed online gaming subsidiary of IP Ventures Inc., is acquiring a 25-percent stake in Cosamera Resorts Corp. for a still undisclosed price, marking its entry into casino gaming and tourism.
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                    [Title] => IPVG to raise capital to P10B
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CONVERGE DATA CENTER INC

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Low-cost housing developer 8990 Holdings Inc., has secured the corporate regulator’s approval to raise as much as P13 billion from a follow-on share sale.

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Mass housing developer 8990 Holdings Inc., formerly IP Converge Data Center Inc., said its profits hit P2.1 billion in January to September, up 64 percent from P1.28 billion last year on strong sales of low-cost homes.

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The new controlling group in dormant holding firm Southeast Asia Cement Holdings Inc. (Seacem) failed to buy out the minority shareholders in a mandatory tender offer.

                    [DatePublished] => 2013-07-27 00:00:00
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                    [Title] => 8990 Holdings expects P2-B earnings this yr
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8990 Holdings Inc., the company behind mass market brands Deca Homes and Urban Homes, said it expects to breach the P2-billion profit mark this year.

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Majority shareholders of IP Ventures Inc. have sold 79.507 percent of listed technology firm IP Converge Data Center Inc. (Cloud) to Cebu-based 8990 Group of Companies, one of the leading low-cost housing developers in Visayas and Mindanao.
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IPVG Corp. has signed a memorandum of understanding to acquire 100 percent of New Wave Resources, a company affiliated with a leading refinery in China, for P2.8 billion.
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                    [Title] => IPVG to raise capital to P10B
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abtest

8990 Holdings to raise P13B from follow-on share offer

By Neil Jerome Morales | January 11, 2014 - 12:00am

Low-cost housing developer 8990 Holdings Inc., has secured the corporate regulator’s approval to raise as much as P13 billion from a follow-on share sale.

Business

8990 Holdings posts 64% profit growth to P2.1B

By Neil Jerome Morales | December 2, 2013 - 12:00am

Mass housing developer 8990 Holdings Inc., formerly IP Converge Data Center Inc., said its profits hit P2.1 billion in January to September, up 64 percent from P1.28 billion last year on strong sales of low-cost...

Business

8990 Group fails to buy out Seacem minority stockholders

By Neil Jerome C. Morales | July 27, 2013 - 12:00am

The new controlling group in dormant holding firm Southeast Asia Cement Holdings Inc. (Seacem) failed to buy out the minority shareholders in a mandatory tender offer.

Business

8990 Holdings expects P2-B earnings this yr

By Neil Jerome Morales | May 12, 2013 - 12:00am

8990 Holdings Inc., the company behind mass market brands Deca Homes and Urban Homes, said it expects to breach the P2-billion profit mark this year.

Business

Local group to invest P8 billion in IP Converge

By Zinnia B. Dela Peña | November 29, 2012 - 12:00am

The 8890 Group of Companies, one of the leading low-cost housing developers in Visayas and Mindanao, is infusing up to P8...

Business

Cebu-based property group takes over IPVG unit

By Zinnia B. Dela Peña | June 20, 2012 - 12:00am

Majority shareholders of IP Ventures Inc. have sold 79.507 percent of listed technology firm IP Converge Data Center Inc. (Cloud) to Cebu-based 8990 Group of Companies, one of the leading low-cost housing developers...

Business

IPVG unit to operate mineral refinery in India

By Zinnia B. Dela Peña | March 14, 2012 - 12:00am

eListed IPVG Corp., through its affiliate Conqueror Space Ltd., has inked a memorandum of understanding with a Canadian-Chinese firm, allowing it to build and operate mineral refineries in India.

Business

E-Games breaks into casino gaming, tourism

By Zinnia B. Dela Peña | March 3, 2012 - 12:00am

IP E-Game Ventures Inc., the listed online gaming subsidiary of IP Ventures Inc., is acquiring a 25-percent stake in Cosamera Resorts Corp. for a still undisclosed price, marking its entry into casino gaming and...

Business

IPVG acquires New Wave Resources

By Zinnia B. Dela Peña | February 22, 2012 - 12:00am

IPVG Corp. has signed a memorandum of understanding to acquire 100 percent of New Wave Resources, a company affiliated with a leading refinery in China, for P2.8 billion.

Business

IPVG to raise capital to P10B

By Zinnia B. Dela Peña | January 28, 2012 - 12:00am

Publicly-listed IPVG Corp. is raising its capitalization to P10 billion from P2 billion.

Business