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)

Oct 25, 2023

2. SEC Identification Number

ASO-94-007160

3. BIR Tax Identification No.

004-450-721-000

4. Exact name of issuer as specified in its charter

ARTHALAND CORPORATION

5. Province, country or other jurisdiction of incorporation

Philippines

6. Industry Classification Code(SEC Use Only)

7. Address of principal office

7/F Arthaland Century Pacific Tower, 5th avenue corner, 30th street, BGC, Taguig city Postal Code 1634

8. Issuer's telephone number, including area code

+63284036910

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	5,318,095,199
Preferred - Series A	12,500,000
Preferred - Series B	20,000,000
Preferred - Series C	10,000,000
Preferred - Series D	6,000,000

11. Indicate the item numbers reported herein

Item 9 - Other Events

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.

Arthaland CorporationALCO

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 Shares of Bhavya Properties, Inc. ("Bhavya")
Background/Description of the Disclosure
The Corporation will subscribe to 663,000 preferred shares of Bhavya from its unissued authorized capital stock.

Date of Approval by Board of Directors	Oct 25, 2023

Rationale for the transaction including the benefits which are expected to be accrued to the Issuer as a result of the transaction
Bhavya will leverage on the additional equity to fund Eluria’s working capital requirements until its scheduled project completion in 2025, while ensuring compliance with all its financial covenants,

Details of the acquisition or disposition

Date	Nov 10, 2023

Manner
The acquisition is by way of subscription to preferred shares.
Description of the company to be acquired or sold
Bhavya has an authorized capital stock of Php100,000,000.00. Its total subscribed capital and paid up capital are Php25,000,000.00 and Php25,000,000.00, respectively. Bhavya is 60% owned by the Corporation and 40% by Narra Investment Properties Pte. Ltd. It is presently developing the residential condominium Eluria located at 119 Rada Street, Legaspi Village, Makati City.

The terms and conditions of the transaction

Number of shares to be acquired or disposed	663,000
Percentage to the total outstanding shares of the company subject of the transaction	60
Price per share	Php100.00

Nature and amount of consideration given or received
Php66,300,000.00 to be paid in cash
Principle followed in determining the amount of consideration
The consideration was determined based on net asset value of Bhavya.
Terms of payment
The total consideration will be paid not later than 10 November 2023.
Conditions precedent to closing of the transaction, if any
None.
Any other salient terms
Preferred shares are voting and have such features as the Bhavya Board of Directors prescribe, but in no case such shares shall be cumulative or redeemable at the option of the holder.

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
Bhavya Properties, Inc.	60% owned by the Corporation

Effect(s) on the business, financial condition and operations of the Issuer, if any
The Corporation will remain compliant with all its financial covenants.
Other Relevant Information
Bhavya's preferred shares have a par value of Php1.00 per share. Narra is a private limited liability company existing and duly constituted under the laws of Singapore with principal office address at 10 Changi Business Park Central 2 #01-02, Hansapoint, Singapore 486030, and managed by Arch Capital Management Company Limited. It will also subscribe to Bhavya’s preferred shares to the extent of 442,000 at the same subscription price of Php100.00.