C05458-2023

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)
Jul 17, 2023
2. SEC Identification Number
147669
3. BIR Tax Identification No.
000-432-378
4. Exact name of issuer as specified in its charter
Cosco Capital, Inc.
5. Province, country or other jurisdiction of incorporation
Manila, Philippines
6. Industry Classification Code(SEC Use Only)
7. Address of principal office
No. 900 Romualdez St., Paco, Manila Postal Code 1007
8. Issuer's telephone number, including area code
09178612459
9. Former name or former address, if changed since last report
None
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 Shares 7,169,014,764
11. Indicate the item numbers reported herein
Other Matters

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.

Cosco Capital, Inc.COSCO

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

Clarification of news article entitled ““Cosco Capital to raise P30b from planned REIT offering” posted in manilastandard.net on July 16, 2023"
Source Manilastandard.net
Subject of News Report “Cosco Capital to raise P30b from planned REIT offering”
Date of Publication Jul 16, 2023
Clarification of News Report

In response to the letter of the Exchange dated July 17, 2023, requiring Cosco Capital, Inc. (the “Company”) to clarify the news article entitled, “Cosco Capital to Raise P30b from Planned REIT Offering” posted in manilastandard.net on July 16, 2023, quoted below:

Cosco Capital to raise P30b from planned REIT offering
Cosco Capital Inc. of businessman Lucio Co is preparing for a big real estate investment trust offering, which could raise between P15 billion and P30 billion, according to Philippine Stock Exchange president and chief executive Ramon Monzon.

Monzon said in an interview at the sidelines of a forum sponsored by the Securities and Exchange Commission over the weekend that Cosco is ready to file its REIT offering application either this month or next month.

“They (Cosco) are supposed to file their application this month or next month. They are just finalizing the list of underwriters,” Monzon said. An official from Cosco confirmed that the company is studying a possible REIT offering. However, the planned offering may not be finalized this year.

“We are studying a REIT offering but I don’t think it will be finalized in 2023. We are still studying proposals from investment bankers,” the source said.

Monzon also reported that SM Prime Holdings Inc.’s planned huge REIT offering, which was initially scheduled for this third quarter, would be pushed back to next year.
Meanwhile, Monzon remains confident of hitting the P160 billion total capital raising target for 2023 despite the dearth of share sales in the second half of the year due to volatile market conditions.

“People are saying that our market is bad but if you look at it in the context of the Asean region, as of yesterday only Vietnam and Philippines are positive all the others are down,” Monzon said.

Monzon also said the low trading volume happening in the local equities market is also happening in other regional markets.

“As of June 30, we are down 4.8 percent from average of last year versus average of first six months of this year. Again, if you look at it at the context of the region, Vietnam is down 31 percent trading volume,” Monzon said.

Two firms are slated to conduct equity offering. For the second half of the year, namely ACEN Corp., which is looking to raise P25 billion from issuance of preferred shares and Repower Development Corp., which is planning to raise P1.15 billion from initial public offering.


We confirm the said news article particularly that the Company is studying a possible REIT offering.
Other Relevant Information

Please see the attached SEC 17-C Report of Cosco Capital, Inc. re: Clarification of news article entitled ““Cosco Capital to raise P30b from planned REIT offering” posted in manilastandard.net on July 16, 2023"
Filed on behalf by:
Name Candy Dacanay-Datuon
Designation Assistant Corporate Secretary / Compliance Officer