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)

Dec 27, 2013

2. SEC Identification Number

99905

3. BIR Tax Identification No.

000-188-233-000

4. Exact name of issuer as specified in its charter

Philippine Realty and Holdings Corporation

5. Province, country or other jurisdiction of incorporation

Metro Manila, Philippines

6. Industry Classification Code(SEC Use Only)

7. Address of principal office

Andrea North Complex, Balete Drive corner N.Domingo St. New Manila, Quezon City Postal Code 1110

8. Issuer's telephone number, including area code

02-6313179

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

-

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	4,922,324,908

11. Indicate the item numbers reported herein

4-2

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.

Philippine Realty and Holdings CorporationRLT

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
Agreement to sell the Company's 70% stake in Meridian Assurance Corporation
Background/Description of the Disclosure
This is to advise that the Company has entered into an agreement with a group of private investors to sell its 70% stake in Meridian Assurance Corp., the Company's non-life insurance subsidiary, for One Hundred Ninety One Million Pesos (Php 191,000,000.00). The sale is subject to approval by the Insurance Commission.

Date of Approval by Board of Directors	Dec 27, 2013

Rationale for the transaction including the benefits which are expected to be accrued to the Issuer as a result of the transaction
-

Details of the acquisition or disposition

Date	TBA

Manner
To be determined
Description of the company to be acquired or sold
Non-Life Insurance subsidiary

The terms and conditions of the transaction

Number of shares to be acquired or disposed	1,750,000
Percentage to the total outstanding shares of the company subject of the transaction	70
Price per share	109.14

Nature and amount of consideration given or received
-
Principle followed in determining the amount of consideration
-
Terms of payment
To be deterrmined
Conditions precedent to closing of the transaction, if any
-
Any other salient terms
na

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
To be determined	-

Effect(s) on the business, financial condition and operations of the Issuer, if any
-
Other Relevant Information
-