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 13, 2023

2. SEC Identification Number

845

3. BIR Tax Identification No.

000-508-536-000

4. Exact name of issuer as specified in its charter

Solid Group Inc.

5. Province, country or other jurisdiction of incorporation

Philippines

6. Industry Classification Code(SEC Use Only)

7. Address of principal office

2285 Don Chino Roces Avenue, Makati City Postal Code 1231

8. Issuer's telephone number, including area code

(632)8843-1511

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	1,821,542,000

11. Indicate the item numbers reported herein

Item 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.

Solid Group, Inc.SGI

PSE Disclosure Form 4-2 - Acquisition/Disposition of Shares of Another Corporation
References: SRC Rule 17 (SEC Form 17-C) and
Section 4.4 of the Revised Disclosure Rules

Subject of the Disclosure
Subscription by the Company to shares in Precos, Inc.
Background/Description of the Disclosure
Solid Group Inc. will subscribe to Eight Million (8,000,000) new Class A shares of Precos, Inc., a wholly owned subsidiary, at a price equivalent to the par value of Php70.00 per share or a total subscription price of Five Hundred Sixty Million Pesos (Php560,000,000.00).

Date of Approval by Board of Directors	Apr 13, 2023

Rationale for the transaction including the benefits which are expected to be accrued to the Issuer as a result of the transaction
The subscription will be used by Precos, Inc. as additional funds for its ongoing mega logistics project in Calamba City, Laguna.

Details of the acquisition or disposition

Date	TBA

Manner
Subscription to new Class A shares of Precos Inc. pending the increase in authorized capital stock to P2,086,000,000.00 is approved by SEC.
Description of the company to be acquired or sold
Precos, Inc. is a wholly owned subsidiary of the Company. It is engaged in real estate and related businesses.

The terms and conditions of the transaction

Number of shares to be acquired or disposed	8,000,000
Percentage to the total outstanding shares of the company subject of the transaction	35.27
Price per share	70

Nature and amount of consideration given or received
Total subscription price of Five Hundred Sixty Million pesos (Php560,000,000.00)
Principle followed in determining the amount of consideration
Subscription at par value for the 8,000,000 new Class A shares
Terms of payment
The amount of P560,000,000.00 will be paid in cash
Conditions precedent to closing of the transaction, if any
Subject to the necessary regulatory approvals of SEC for the subscription of unissued shares.
Any other salient terms
None

Identity of the person(s) from whom the shares 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
Precos Inc.	Precos, Inc. is a wholly owned subsidiary of Solid Group Inc.

Effect(s) on the business, financial condition and operations of the Issuer, if any
Additional investment in a subsidiary
Other Relevant Information
The figure under "percentage to the total outstanding shares of the company subject of the transaction" assumes that SEC will approve Precos Inc.'s application for subscription of the unissued authorized capital stock of Precos Inc.