I knew that Cherry Mobile will be coming up with this processor after that possible leaked document of a Helio X20 smartphone from a competing local brand.
In a media event earlier in Makati City, they announced the Cherry Mobile M1 with the latest Mediatek Helio X20 deca-core processor with Mali T880 GPU, Android 6.0 Marshmallow, dual nano SIM, 21 MP main cam with Sony IMX 230 sensor, 8 MP secondary cam, 5.5 inch IPS Full HD display, 4 GB RAM, 32 GB ROM, quick charging, USB Type C, NFC, finger print reader and 3,600 mAh battery
Cherry Mobile M1 is priced at Php 11,990. I will be updating this post for the possible release date
Specs via Gizguide 1