C01247-2017

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)
Mar 6, 2017
2. SEC Identification Number
152897
3. BIR Tax Identification No.
201-128-653-000
4. Exact name of issuer as specified in its charter
Harbor Star Shipping Services, Inc.
5. Province, country or other jurisdiction of incorporation
Philippines
6. Industry Classification Code(SEC Use Only)
7. Address of principal office
Philippines Postal Code 1233
8. Issuer's telephone number, including area code
(632)-886-37-03
9. Former name or former address, if changed since last report
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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 605,238,580
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.

Harbor Star Shipping Services, Inc. TUGS

PSE Disclosure Form 4-24 - Results of Annual or Special Stockholders' Meeting References: SRC Rule 17 (SEC Form 17-C) and
Section 4.4 of the Revised Disclosure Rules

Subject of the Disclosure

Results of Special Stockholders' Meeting
Background/Description of the Disclosure

Harbor Star Shipping Services, Inc. held today, 06 March 2017, a Special Stockholders' Meeting.
List of elected directors for the ensuing year with their corresponding shareholdings in the Issuer
Name of Person Shareholdings in the Listed Company Nature of Indirect Ownership
Direct Indirect
- 0 0 -
External auditor -
List of other material resolutions, transactions and corporate actions approved by the stockholders

Please be advised that in a Special Stockholders' Meeting of Harbor Star Shipping Services, Inc. (the "Corporation") held today, 06 March 2017, the Stockholders by 2/3 vote of the issued and outstanding shares approved the following matters:

1. Amend the Second Article of the Articles of Incorporation of the Corporation to include in its corporate purpose the operation of maritime schools/ educational/training facilities and the business of power generation;

2. Amend the Third Article of the Articles of Incorporation of the Corporation to change its principal office address from “2224 A. Bonifacio St. corner South Super Highway, Bangkal, Makati City” to ”2224 A. Bonifacio Street corner Pres. Sergio Osmeña Highway, Bangkal, Makati City, 1233, Philippines”;

3. Amend the Seventh Article of the Articles of Incorporation of the Corporation to increase the authorized capital stock of the Corporation from One Billion Five Hundred Million Pesos (PHP 1,500,000,000.00) consisting of One Billion Five Hundred Million (1,500,000,000) shares with a par value of One Peso (PHP 1.00) per share to Two Billion Pesos (PHP 2,000,000,000.00) consisting of Two Billion (2,000,000,000) shares with a par value of One Peso (PHP 1.00) per share;

4. (a) Declaration of 50% stock dividends equivalent to Three Hundred Two Million Six Hundred Nineteen Thousand Two Hundred Ninety (302,619,290) common shares from the unrestricted retained earnings of the Corporation for the period ended 31 December 2015 based on its Audited Financial Statements for the period ended 31 December 2015; (b) issuance of the stock dividends from the application of the Corporation to increase its authorized capital stock from One Billion Five Hundred Million Pesos (PHP 1,500,000,000.00) to Two Billion Pesos (PHP 2,000,000,000.00); (c) record date for the stock dividends shall be fixed by the Securities and Exchange Commission; and (d) application for listing of the stock dividends with the Philippine Stock Exchange; and

5. (a) Conduct a follow-on offering to raise approximately One Billion Pesos (PHP 1,000,000,000.00) to fund the Corporation's planned international fleet expansion, business expansion in Malaysia, Indonesia and Myanmar, shipyard business, domestic chassis roll-on roll-off (“ChaRo”) shuttle services and renewable energy project; and (b) Management be authorized to: (i) determine the terms of the offer; (ii) engage counsel, financial adviser and underwriters for the purpose; (iii) file a Registration Statement with the Securities and Exchange Commission and (iv) apply for the listing of the new shares with the Philippine Stock Exchange, subject to its listing requirements.
Other Relevant Information

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Filed on behalf by:
Name Maximo Modesto Joel Flores
Designation Assistant Corporate Secretary