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)

Nov 18, 2019

2. SEC Identification Number

A20011402

3. BIR Tax Identification No.

213-054-503

4. Exact name of issuer as specified in its charter

SBS Philippines Corporation

5. Province, country or other jurisdiction of incorporation

Philippines

6. Industry Classification Code(SEC Use Only)

7. Address of principal office

10 RESTHAVEN STREET, SAN FRANCISCO DEL MONTE, QUEZON CITY Postal Code 1105

8. Issuer's telephone number, including area code

(02) 371-1111

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	1,549,999,999

11. Indicate the item numbers reported herein

Item 9 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.

SBS Philippines CorporationSBS

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
Increase in Authorized Capital Stock of SBS Holdings and Enterprises Corporation
Background/Description of the Disclosure
We wish to inform you that SBS Holdings and Enterprises Corporation (“SBS Holdings”), a subsidiary of SBS Philippines Corporation (the “Company”) received the Certificate of Approval of Increase of Capital Stock from FIVE BILLION FIVE HUNDRED MILLION PESOS (PhP5,500,000,000.00), in lawful money of the Philippines, divided into FIVE BILLION FIVE HUNDRED MILLION (5,500,000,000.00) common shares with a par value of ONE PESO (P1.00) per share to SEVENTEEN BILLION TWO HUNDRED NINETY MILLION PESOS (PhP17,290,000,000.00), in lawful money of the Philippines, divided into SEVENTEEN BILLION TWO HUNDRED NINETY MILLION (17,290,000,000) common shares with a par value of ONE PESO (P1.00) per share whereby SBS Holdings accepted subscription from other related investors to support such increase. This exercise is in line with Company’s plan that SBS Holdings fund its growth using its own resources as well as position the subsidiary for a public offering in the future.
Other Relevant Information
We amended the disclosure to provide an update in connection to the approval of SBS Holdings's application to increase its capital stock. This is to clarify that the approval of the SEC was received on November 18, 2019.