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 3, 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

02 846-7910

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 5-1 - Substantial Acquisitions References: SRC Rule 17 (SEC Form 17-C) and
Section 4.4 and/or Section 5 of the Revised Disclosure Rules

Subject of the Disclosure
Acquisition of 15% Stake in 50MW SULU ELECTRIC POWER AND LIGHT PHILS INC. (SEPALCO) Solar Project
Background/Description of the Disclosure
Please see attached.

Date of Approval by Board of Directors	Sep 20, 2017
Date of Approval by Stockholders	N/A
Other Relevant Regulatory Agency, if applicable	N/A
Date of Approval by Relevant Regulatory Agency	N/A

Rationale for the transaction including the benefits which are expected to be accrued to the Issuer as a result of the transaction
The deal will solidify the entry of the Company into the solar power industry by allowing it to participate in the operation of an already existing renewable energy (RE) power plant.
Description of the transaction including the timetable for implementation and related regulatory requirements, if any
The Board approved the acquisition of the 15% stake in the SEPALCO Solar Project for 5M USD and thereafter signed a Memorandum of Agreement. The concerned parties agreed to sign and execute a Deed of Absolute Sale (DOAS) indicating the terms and other details of the transaction within 30 days.

Identities of the parties to the transaction

Name	Nature of Business	Nature of any material relationship with the Issuer, their directors/officers or any of their affiliates
Amled International Systems Inc.	Energy Company	NONE

Terms and conditions of the transaction

The nature and amount of consideration (e.g. price per share, the aggregate amount)
USD 5M (Php255M)
Basis upon which the amount of consideration or value of the transaction was determined
USD 0.03175 per share (Php1.619 per share)

The number of shares to be acquired	157,500,000
Ratio/percentage to total outstanding capital stock	15

Terms of payment
TBA
Conditions precedent to closing of the transaction, if any
TBA

Description of the company subject of the transaction

Nature and business
SULU ELECTRIC POWER AND LIGHT PHILS INC. (SEPALCO) is a domestic corporation engaged in the business of power generation.
Discussion of major projects and investments
SEPALCO owns and operates the 50MW Solar Project located in Brgy. Castilla, Palo, Leyte

List of subsidiaries and affiliates, with percentage holdings

Name	% Ownership
N/A	-

Capital structure

Authorized capital stock

Type of Security	Amount	Number of Shares
Common Shares	1,050,000,000	1,050,000,000

Subscribed Shares

Type of Security	Amount	Number of Shares
Common Shares	1,050,000,000	1,050,000,000

Paid-Up Capital

Amount	1,050,000,000
Number of Shares	1,050,000,000

Issued Shares

Type of Security	Amount	Number of Shares
Common Shares	1,050,000,000	1,050,000,000

Outstanding Shares

Type of Security	Amount	Number of Shares
Common Shares	1,050,000,000	1,050,000,000

Par Value

Type of Security	Amount
Common Shares	1

Ownership Structure (including percentage holdings)

Name	Number of Shares	% Ownership
AMLED International Systems, Inc	472,500,000	45
SAS Sunrise PTE LTD	420,000,000	40
Atty Ben-Hur F. Castillo	147,000,000	14
Nina F. Castillo	5,250,000	0.5
Dr. Arcelie T. Castillo	5,250,000	0.5

Board of Directors

Name	(Regular or Independent)
Frank Huang	Regular
Atty Ben Hur Castillo	Regular
Gilbert S. Castro	Regular
Engr. Mike Da Silva	Regular
Dr. Arcelie T. Castillo	Regular

Principal Officers

Name	Position/Designation
Atty Ben Hur Castillo	President
Engr. Mike Da Silva	Treasurer

Effect(s)/impact on the business, financial condition and operations of the Issuer
The deal will solidify the entry of the Company into the solar power industry by allowing it to participate in the operation of an already existing renewable energy (RE) power plant.
Other Relevant Information
The payment of the USD 5M (Php255M) will be sourced from shareholder's advances. To update the relative information for the SEPALCO acquisition.