C02427-2017

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)
Apr 25, 2017
2. SEC Identification Number
52412
3. BIR Tax Identification No.
000-156-011
4. Exact name of issuer as specified in its charter
BELLE CORPORATION
5. Province, country or other jurisdiction of incorporation
PHILIPPINES
6. Industry Classification Code(SEC Use Only)
7. Address of principal office
5/F TOWER A, TWO ECOM CENTER, PALM COAST AVENUE, MALL OF ASIA Postal Code 1300
8. Issuer's telephone number, including area code
662-8888
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 STOCK 10,498,679,857
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.

Belle CorporationBEL

PSE Disclosure Form 4-13 - Clarification of News Reports References: SRC Rule 17 (SEC Form 17-C) and
Section 4.4 of the Revised Disclosure Rules

Subject of the Disclosure

News clarification about Manila Standard article entitled “Belle, Melco eye second casino”
Source Manila Standard
Subject of News Report “Belle, Melco eye second casino”
Date of Publication Apr 25, 2017
Clarification of News Report

We write in response to PSE request for news clarification about Manila Standard article entitled “Belle, Melco eye second casino”, where the article reported in part that:

“Belle Corp. and partner Melco Crown (Philippines) Resorts Corp. plan to establish a second casino in the country and expand City of Dreams Manila, its first project in Parañaque City, an executive said Monday.

Belle vice chairman Willy Ocier said in an interview following the annual stockholders’ meeting the company planned to acquire lots surrounding City of Dreams Manila to expand the project, which was now running at full capacity.

Ocier said the group was also open for a joint venture over a property contiguous to City of Dreams Manila to support the expansion plan.

He said aside from City of Dream’s expansion, the group was looking for a second casino in the Philippines, whether within Metro Manila or outside the capital region.

Ocier said the group would seek a second gaming license with state-run Philippine Amusement and Gaming Corp. once it identified the site for the planned casino.

He said City of Dreams Manila, which sits on a 6.2-hectare lot, was operating at full capacity, prompting the company to look for lots within the property for possible expansion.

‘We are looking for neighboring site or land contiguous with COD. We are open also for joint venture partnership,’ Ocier said.

He said the group would initially develop Belle’s existing 8,500-square-meter property near City of Dreams for the expansion of the integrated gaming and entertainment complex.

‘We are planning with Melco,’ Ocier said.

Belle said City of Dreams Manila was performing well, thanks to the strong management ability of Melco group, which was bringing a lot of players not only from China but also from other neighboring countries.

‘City of Dreams is growing significantly and there is a good chance it will become number one in gross gaming revenue this year among integrated resorts,’ Belle president Manuel Gana said.

. . . .”

We confirm the quotes in the news article entitled “Belle, Melco eye second casino” posted in Manila Standard.net on April 24, 2017. We note, however, that any matters regarding expansion of City of Dreams Manila are still being explored at this time, and no definite plans have been made as of yet.

Thank you for your kind attention.

Very truly yours,

MANUEL A. GANA
President and Chief Executive Officer
Corporate Information Officer
Other Relevant Information

n/a
Filed on behalf by:
Name Elizabeth Tan
Designation Manager-Governance & Corp Affairs/Investor Relations