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)

Jan 5, 2017

2. SEC Identification Number

069039274

3. BIR Tax Identification No.

000506020

4. Exact name of issuer as specified in its charter

PHINMA Energy Corporation

5. Province, country or other jurisdiction of incorporation

Makati City, Philippines

6. Industry Classification Code(SEC Use Only)

7. Address of principal office

Level 11, Phinma Plaza, 39 Plaza Drive, Rockwell Center, Makati City Postal Code 1200

8. Issuer's telephone number, including area code

632 8700 100

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

Trans-Asia Oil and Energy Development Corporation

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	4,885,897,908

11. Indicate the item numbers reported herein

-

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.

PHINMA Energy CorporationPHEN

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
Subscription of Shares
Background/Description of the Disclosure
Subscription by PHINMA Energy Corporation to the preferred shares of Trans-Asia Renewable Energy Corporation ( TAREC )

Date of Approval by Board of Directors	Dec 8, 2015

Rationale for the transaction including the benefits which are expected to be accrued to the Issuer as a result of the transaction
To provide funds to the subsidiary and build up its capital base

Details of the acquisition or disposition

Date	Jan 5, 2017

Manner
Full payment in cash of 25% of 25% of increase in Authorized Capital Stock
Description of the company to be acquired or sold
Trans-Asia Renewable Energy Corporation is engaged in renewable energy generation

The terms and conditions of the transaction

Number of shares to be acquired or disposed	750,000,000
Percentage to the total outstanding shares of the company subject of the transaction	15%
Price per share	1.00

Nature and amount of consideration given or received
Full payment in cash of P187,500,000
Principle followed in determining the amount of consideration
Par value of shares
Terms of payment
25% of subscribed paid in – balance subject to call of Company’s Board
Conditions precedent to closing of the transaction, if any
SEC Approval
Any other salient terms
This is a subscription to shares of the Company

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
Trans-Asia Renewable Energy Corporation	TAREC is a wholly-owned subsidiary of PHINMA Energy Corporation

Effect(s) on the business, financial condition and operations of the Issuer, if any
In accordance with Philippine Financial Reporting Standards, no gain or loss will be recognized on the transaction.
Other Relevant Information
None