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)

Dec 11, 2017

2. SEC Identification Number

184228

3. BIR Tax Identification No.

000-275-291

4. Exact name of issuer as specified in its charter

MRC ALLIED INC.

5. Province, country or other jurisdiction of incorporation

PHILIPPINES

6. Industry Classification Code(SEC Use Only)

7. Address of principal office

5/F EUROVILLA 4 BLDG., 853 A ARNAIZ AVENUE MAKATI CITY Postal Code 1223

8. Issuer's telephone number, including area code

028467910

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

-

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	8,512,658,975

11. Indicate the item numbers reported herein

-

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.

MRC Allied, Inc.MRC

PSE Disclosure Form 16-1- Update on Corporate Actions/
Material Transactions/Agreements References: SRC Rule 17 (SEC Form 17-C) and
Section 16 of the Revised Disclosure Rules

Subject of the Disclosure
Updates Re Private Placement of MRC shares.
Background/Description of the Disclosure
Please be advised that during the regular board meeting held earlier today, the Board reviewed the approval of the terms of the private placement as previously disclosed last 14 July 2017, as follows: a. Private placement of 1,904,761,905 common shares from the unissued and unsubscribed authorized capital stock b. Issue price of Php 0.525 per share c. Down payment of Fifty percent (50%) of the issue price upon signing of the term sheet d. The balance of Fifty percent (50%) payable within a period of thirty (30) days from down payment e. Expenses incidental to the subscription of the shares under the term sheet shall be for the account of the Seller At the regular board meeting held earlier today, the Board approved the amendment of aforementioned provisions of the conduct of private placement, as follows: a. Private placement of 2,564,102,564 common shares from the unissued and unsubscribed authorized capital stock b. Issue price of Php 0.39 per share c. Down payment of Fifty percent (50%) of the issue price upon signing of the term sheet d. The balance of Fifty percent (50%) payable within a period of thirty (30) days from down payment e. Expenses incidental to the subscription of the shares under the term sheet shall be for the account of the Seller
Other Relevant Information
To reflect the amendment for the provision of the conduct of private placement.