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 11, 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

CHEMPHIL BUILDING, 851 ARNAIZ AVENUE, MAKATI CITY Postal Code 1229

8. Issuer's telephone number, including area code

818-5206

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	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 4-13 - 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
NEWSPAPER ARTICLE

Source	MALAYA BUSINESS INSIGHT
Subject of News Report	CHEMICAL FIRM SELLS STAKE IN SHELL COMPANY
Date of Publication	Oct 10, 2017

Clarification of News Report
This refers to the quoted article, to wit: "CHEMICAL Industries of the Philippines Inc. (Chemphil) said it sold its stake in LMG Chemicals Corp. (LMG). Chemphil did not identify the buyers of the shares, which account for 65.92 percent of LMG, and for what consideration..." Please take note that the Company disclosure dated October 9, 2017 pertains to the approval by the majority of its members of the Board of the sale of its 65.92% stake in LMG. It did not state that it sold. Also, the identity of the qualified buyer and the consideration for the sale will be disclosed upon the submission of the required mandatory tender offer report with the Securities and Exchange Commission and PSE.
Other Relevant Information
The other information in the news article were taken from previous disclosure reports of the Company.