SECURITIES AND EXCHANGE COMMISSION
SEC 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)

Sep 7, 2017

2. SEC Identification Number

CS200321240

3. BIR Tax Identification No.

227599320

4. Exact name of issuer as specified in its charter

CEBU LANDMASTERS, INC.

5. Province, country or other jurisdiction of incorporation

CEBU CITY, CEBU, PHILIPPINES

6. Industry Classification Code(SEC Use Only)

7. Address of principal office

10TH FLOOR, PARK CENTRALE, B2 L3, JOSE MA. DEL MAR ST., CEBU IT PARK, APAS, CEBU CITY Postal Code 6000

8. Issuer's telephone number, including area code

(032) 2314914

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 SHARES	1,714,000,000

11. Indicate the item numbers reported herein

ITEM 9 (OTHER ITEMS)

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.

Cebu Landmasters, Inc.CLI

PSE Disclosure Form 4-1 - Acquisition or Disposition of Assets References: SRC Rule 17 (SEC Form 17-C) and
Section 4.4 of the Revised Disclosure Rules

Subject of the Disclosure
Purchase of Land for a Residential Project in Cagayan de Oro as part of the use of IPO proceeds.
Background/Description of the Disclosure
In line with its thrust to strategically expand outside its home-base, Cebu Landmasters executed a deed of absolute sale with a local land owner to purchase a 7.2-hectare property in Cagayan de Oro City for Php133,423,850. The city, now considered as highly urbanized and 10th most populous in the country is one of the key sites identified by the company for expansion as stated in the use of IPO proceeds. The said property will be developed into a residential project under the Velmiro heights brand of the company which first established its presence in Cebu in 2013. In response to the growing needs and preferences of various markets, Cebu Landmasters will be developing its second Velmiro Heights project in CDO to be launched 1st Quarter of 2018. The project will be a modern mid-range residential development in the upland area of Cagayan de Oro city providing elegant, comfortable and well-designed homes and luxurious amenities suitable for the refined tastes of its clientele. This will be the second project of CLI in CDO after MesaVerte, a three tower condominium that sold already 95% of its 798 inventory units. The land acquisition was funded through the proceeds received from the Initial Public Offering. Within three months from listing, CLI has already utilized15.4% of the proceeds and is confident that other projects will be implemented on schedule.

Date of Approval by Board of Directors	N/A

Rationale for the transaction including the benefits which are expected to be accrued to the Issuer as a result of the transaction
The land purchase is in line with Cebu Landmasters' use of proceeds as presented in the IPO prospectus.

Details of the acquisition or disposition

Date	Sep 7, 2017

Description of the Transaction
Purchase of Land in CDO for a planned residential project
Manner
Asset (Land) Purchase
Description of the assets involved
7.2-hectare property in CDO

Terms and conditions of the transaction

Nature and amount of consideration given or received
Total Cash consideration is Php133,423,850.
Principle followed in determining the amount of consideration
The amount of consideration was based on the negotiated price.
Terms of payment
Payment of Php Php 66,711,925 or 50% down-payment was made upon signing of the deed of absolute sale. The remaining balance will be paid after the land title is transferred in the name of Cebu Landmasters, Inc.
Conditions precedent to closing of the transaction, if any
50% remaining balance will be paid after the land title is transferred in the name of Cebu Landmasters, Inc.
Any other salient terms
N/A

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
Local Land owner from CDO	N/A

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

If the transaction being reported is an acquisition, kindly submit the following additional information:

Source(s) of funds
The land purchase was funded through the IPO proceeds.
If any asset so acquired by the issuer or its subsidiaries constituted plant, equipment or other physical property, state the nature of the business in which the assets were used by the persons from whom acquired and whether the issuer intends to continue such use or intends to devote the assets to other purposes, indicating such other purposes
N/A