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)

Nov 11, 2016

2. SEC Identification Number

845

3. BIR Tax Identification No.

000-508-536-000

4. Exact name of issuer as specified in its charter

Solid Group Inc.

5. Province, country or other jurisdiction of incorporation

Philippines

6. Industry Classification Code(SEC Use Only)

7. Address of principal office

2285 Don Chino Roces Avenue, Makati City Postal Code 1231

8. Issuer's telephone number, including area code

(02) 843-1511

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	1,821,542,000

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.

Solid Group, Inc.SGI

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
Investment in shares of stock of a new subsidiary
Background/Description of the Disclosure
Incorporation of a new wholly-owned subsidiary to be known as Green Sun Hotel Management, Inc.,

Date of Approval by Board of Directors	Nov 11, 2016

Rationale for the transaction including the benefits which are expected to be accrued to the Issuer as a result of the transaction
The set-up of a new subsidiary is intended to rationalize and improve efficiency of the real estate business of the group.

Details of the acquisition or disposition

Date	TBA

Manner
Subscription to the shares of stock of the new company
Description of the company to be acquired or sold
Hotel management business

The terms and conditions of the transaction

Number of shares to be acquired or disposed	500,000
Percentage to the total outstanding shares of the company subject of the transaction	100
Price per share	100

Nature and amount of consideration given or received
Cash / Php12,500,000.00
Principle followed in determining the amount of consideration
Shares at par value
Terms of payment
Subscription payment for the subscribed shares will be paid upon completion of the relevant conditions precedent
Conditions precedent to closing of the transaction, if any
Standard conditions precedent for share subscription / purchase transactions, including corporate approvals
Any other salient terms
-

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
-	-

Effect(s) on the business, financial condition and operations of the Issuer, if any
To rationalize and improve efficiency of the real estate business of the group.
Other Relevant Information
Authorized capital stock of the new company is Php50,000,000.00 divided into 500,000 shares