C03647-2017

SECURITIES AND EXCHANGE COMMISSION
SEC FORM 17-C

CURRENT REPORT UNDER SECTION 17
OF THE SECURITIES REGULATION CODE
AND SRC RULE 17.2(c) THEREUNDER

1. Date of Report (Date of earliest event reported)
Jun 7, 2017
2. SEC Identification Number
CS200321240
3. BIR Tax Identification No.
227599320
4. Exact name of issuer as specified in its charter
CEBU LANDMASTERS, INC.
5. Province, country or other jurisdiction of incorporation
CEBU CITY, CEBU, PHILIPPINES
6. Industry Classification Code(SEC Use Only)
7. Address of principal office
10TH FLOOR, PARK CENTRALE, B2 L3, JOSE MA. DEL MAR ST., CEBU IT PARK, APAS, CEBU CITY Postal Code 6000
8. Issuer's telephone number, including area code
(032) 2314914
9. Former name or former address, if changed since last report
N/A
10. Securities registered pursuant to Sections 8 and 12 of the SRC or Sections 4 and 8 of the RSA
Title of Each Class Number of Shares of Common Stock Outstanding and Amount of Debt Outstanding
COMMON SHARES 1,714,000,000
11. Indicate the item numbers reported herein
Item 9

The Exchange does not warrant and holds no responsibility for the veracity of the facts and representations contained in all corporate disclosures, including financial reports. All data contained herein are prepared and submitted by the disclosing party to the Exchange, and are disseminated solely for purposes of information. Any questions on the data contained herein should be addressed directly to the Corporate Information Officer of the disclosing party.

Cebu Landmasters, Inc.CLI

PSE Disclosure Form 4-1 - Acquisition or Disposition of Assets References: SRC Rule 17 (SEC Form 17-C) and
Section 4.4 of the Revised Disclosure Rules

Subject of the Disclosure

Purchase of Land for Mixed-use Bacolod Project
Background/Description of the Disclosure

CLI entered into a deed of absolute sale with Sta. Clara Estate, Inc. to purchase one (1) hectare property in Bata, Bacolod City. The project is part of the identified sites where the company intends to expand geographically. It was disclosed in the prospectus that part of the IPO proceeds will be used to purchase land for a master-planned mixed-use project in Bacolod.
Date of Approval by
Board of Directors		 N/A
Rationale for the transaction including the benefits which are expected to be accrued to the Issuer as a result of the transaction

The land purchase is in line with Cebu Landmasters' use of proceeds as presented in the IPO prospectus.
Details of the acquisition or disposition
Date Jun 7, 2017
Description of the Transaction

Purchase of land in Bacolod for a planned mixed-use project of Cebu Landmasters, Inc.
Manner

Asset (Land) Purchase
Description of the assets involved

1-hectare property in Brgy Bata, Bacolod City, Negros Occidental
Terms and conditions of the transaction
Nature and amount of consideration given or received

Cash consideration is Php 150,000,000
Principle followed in determining the amount of consideration

The amount of consideration was based on the negotiated price of Php 15,000 per sqm.
Terms of payment

Payment of Php127,500,000 was made upon signing of the deed of absolute sale with a 15% retention fee. The said fee will be released 30 days after the land title is transferred in the name of Cebu Landmasters, Inc.
Conditions precedent to closing of the transaction, if any

15% retention fee was withheld from the total consideration and will be released 30 days after the land title is transferred in the name of Cebu Landmasters, Inc.
Any other salient terms

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Identity of the person(s) from whom the assets were acquired or to whom they were sold
Name Nature of any material relationship with the Issuer, their directors/ officers, or any of their affiliates
Sta. Clara Estate, Inc. none
Effect(s) on the business, financial condition and operations of the Issuer, if any

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Other Relevant Information

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If the transaction being reported is an acquisition, kindly submit the following additional information:
Source(s) of funds

The land purchase was funded through the IPO proceeds.
If any asset so acquired by the issuer or its subsidiaries constituted plant, equipment or other physical property, state the nature of the business in which the assets were used by the persons from whom acquired and whether the issuer intends to continue such use or intends to devote the assets to other purposes, indicating such other purposes

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Filed on behalf by:
Name Larri-Nil Veloso
Designation AVP-Legal