October 27, 2025 | 12:00am
MANILA, Philippines — The Philippine Stock Exchange Inc. (PSE) has approved the delisting of 8990 Holdings Inc., setting the stage for the affordable housing developer’s exit from the local bourse this month.
The PSE approved the petition for voluntary delisting filed by 8990, with the company’s shares to be delisted from the official registry of the exchange effective Oct. 31, 2025.
8990 earlier submitted to the PSE a petition for voluntary delisting of its common shares that are listed on the main board of the PSE, with the hope that the delisting will be effective on or around Oct. 29, 2025.
The company’s delisting will end its 15-year run as a publicly listed firm.
The company was incorporated and registered with the Securities and Exchange Commission (SEC) as IP Converge Data Center Inc. on July 8, 2005 and was principally engaged in the information technology and telecommunications business at that time.
Following a corporate reorganization in 2012, the company ceased operating as a data services provider and began operating as a holding company, with its shares initially listed on the PSE on Oct. 20, 2010.
The SEC approved the application for the change of corporate name of the company to its current name, 8990 Holdings, in 2013.
8990 is the second listed company to voluntarily delist this year, with the PSE earlier approving the petition filed by Keppel Philippines Holdings Inc.
The PSE ordered the delisting of the Keppel Philippines’ shares from the official registry of the exchange effective July 8, 2025, officially ending its almost four decades of being a publicly listed firm.