8990 Holdings (HOUSE) sells follow-on shares at P6.50 each

Low-cost mass housing developer 8990 Holdings Inc. (PSE stock code: HOUSE) will raise as much as P9 billion by conducting a follow-on share offering this May 2014, with each share priced at P6.50 apiece.

HOUSE, the developer of “DECA Homes” and “Urban DECA Homes” projects will issue 1.245 billion shares, of which 862.19 million are new common shares to be issued and offered by the company while 382.36 million shares are existing shares of selling shareholders. There is an over-allotment option up to 134.95 million shares.

The retail offering will run from May 2 until May 8. New shares will be listed and will start trading in the PSE on May 14.

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Top 10 Highest-Paid TV Actors and Actresses

Comedy and drama shows are almost always a hit on TV, which means the actors and actresses who star in those shows stand to earn a lot of money. True enough, the highest-paid TV actors and actresses of 2012 are stars of either a comedy or drama show.

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