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)

Oct 9, 2017

2. SEC Identification Number

14812

3. BIR Tax Identification No.

047000110888V

4. Exact name of issuer as specified in its charter

CHEMICAL INDUSTRIES OF THE PHILS., INC.

5. Province, country or other jurisdiction of incorporation

PHILIPPINES

6. Industry Classification Code(SEC Use Only)

7. Address of principal office

851 A ARNAIZ AVENUE CHEMPHIL BLDG Postal Code 1229

8. Issuer's telephone number, including area code

818-5206

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

851 A ARNAIZ AVENUE CHEMPHIL BLDG

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	10,296,688

11. Indicate the item numbers reported herein

Item 2

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.

Chemical Industries of the Philippines, Inc.CIP

PSE Disclosure Form 4-30 - Material Information/Transactions References: SRC Rule 17 (SEC Form 17-C) and
Sections 4.1 and 4.4 of the Revised Disclosure Rules

Subject of the Disclosure
Sale of Company's stake in LMG Corp.
Background/Description of the Disclosure
During its meeting held today, 9 October 2017, the majority of the members of the Board of Directors of Chemical Industries of the Philippines, Inc. approved anew the sale of its 65.92% stake in LMG Chemicals Corporation.
Other Relevant Information
We will immediately inform your office of any development about this disclosure.