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 4, 2023

2. SEC Identification Number

CS200508386

3. BIR Tax Identification No.

237-383-045-000

4. Exact name of issuer as specified in its charter

BALAI NI FRUITAS INC.

5. Province, country or other jurisdiction of incorporation

PHILIPPINES

6. Industry Classification Code(SEC Use Only)

7. Address of principal office

68 DATA ST. BRGY. DON MANUEL QUEZON CITY Postal Code 1113

8. Issuer's telephone number, including area code

(02)8243-1741

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	1,495,005,000

11. Indicate the item numbers reported herein

ITEM NO. 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.

Balai Ni Fruitas Inc.BALAI

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
Balai Ni Fruitas production expansion plans to progress through acquisition of N. Domingo Property as its additional commissary and warehouse.
Background/Description of the Disclosure
On April 4, 2023, the board of directors of Balai Ni Fruitas Inc., a 75% owned subsidiary of Fruitas Holdings Inc. (“FRUIT”) approved the acquisition of the land, building and improvements on a 484 sqm property located at N. Domingo, Quezon City. BALAI continues to expand its distribution channels through setting up new Balai Pandesal stores, product placements in other Fruitas Holdings community stores, and third-party partnerships. BALAI eyes to enlarge its overall capacity to meet the increasing demand through the acquisition of the property which will be used as a warehouse and commissary. The property will be acquired from Lush Properties Inc. BALAI commissioned Tan-Gatue Appraisal Associates, Inc. as third-party property appraiser to assess the fair market value of the property and set the acquisition price at 90% of the appraised value. The parties executed a Deed of Absolute Sale of Assets with the total consideration price of Php111.3 million (exclusive of 12% VAT). The consideration shall be funded by approx. 25% debt and 75% cash, with part of the cash coming from Initial Public Offering Proceeds allocated for commissary set up and the balance from internal cash.
Other Relevant Information
Please refer to PSE Form 4-1 Acquisition or Disposition of Assets for the full details.