SECURITIES AND EXCHANGE COMMISSIONSEC 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)

Jul 14, 2023

2. SEC Identification Number

170957

3. BIR Tax Identification No.

000-533-224

4. Exact name of issuer as specified in its charter

FILINVEST LAND, INC.

5. Province, country or other jurisdiction of incorporation

Philippines

6. Industry Classification Code(SEC Use Only)

7. Address of principal office

No. 79 EDSA, Highway Hills, Mandaluyong City, Metro Manila Postal Code 1550

8. Issuer's telephone number, including area code

(632) 7918-8188

9. Former name or former address, if changed since last report

Not applicable

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	24,249,759,506
Preferred	8,000,000,000

11. Indicate the item numbers reported herein

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.

Filinvest Land, Inc.FLI

PSE Disclosure Form 4-2 - Acquisition/Disposition of Shares of Another Corporation
References: SRC Rule 17 (SEC Form 17-C) and
Section 4.4 of the Revised Disclosure Rules

Subject of the Disclosure
Acquisition of 100% of the outstanding capital stock of Niyog Property Holdings, Inc. (“Niyog”)
Background/Description of the Disclosure
Filinvest Land Inc. (“FLI”) signed a share purchase agreement with Rizal Commercial Banking Corporation (“RCBC”), beneficial owner of 100% of the outstanding capital stock of Niyog.

Date of Approval by Board of Directors	Jul 14, 2023

Rationale for the transaction including the benefits which are expected to be accrued to the Issuer as a result of the transaction
With direct ownership of Niyog, which owns several properties in Bacoor, Cavite, this transaction will increase FLI’s real estate developments in the said area.

Details of the acquisition or disposition

Date	Jul 14, 2023

Manner
Direct Purchase
Description of the company to be acquired or sold
Niyog is wholly-owned subsidiary of RCBC. Niyog, as owner of certain parcels of land located in Bacoor, Cavite, has a joint development agreement with FLI, wherein FLI undertook the development of the parcels of land, into an exclusive residential subdivision.

The terms and conditions of the transaction

Number of shares to be acquired or disposed	1,390,945
Percentage to the total outstanding shares of the company subject of the transaction	100
Price per share	391.42

Nature and amount of consideration given or received
Total consideration for the purchase of the Shares is Php544,440,000.00, which shall be paid installments.
Principle followed in determining the amount of consideration
The valuation was agreed upon taking into account the value of the assets of Niyog.
Terms of payment
1. 30% of the Purchase Price payable upon closing; 2. Balance net of retention shall be payable in five years within interest rate equivalent to 5-year BVAL rate.
Conditions precedent to closing of the transaction, if any
Conditions precedent typical and customary for share purchase agreement such as but not limited to corporate approvals.
Any other salient terms
The share purchase agreement includes other customary provisions in transactions of the same nature such as standard representations and warranties and undertakings.

Identity of the person(s) from whom the shares 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
RCBC	None

Effect(s) on the business, financial condition and operations of the Issuer, if any
With direct ownership of Niyog, which owns several properties in Bacoor, Cavite, this transaction will increase FLI’s real estate development in the said area.
Other Relevant Information
None.