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)

Dec 27, 2019

2. SEC Identification Number

A200110402

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) 8371-1111

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 EVENTS

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 4-31 - Press Release References: SRC Rule 17 (SEC Form 17-C)
Section 4.4 of the Revised Disclosure Rules

Subject of the Disclosure
SBS EXPANDS ITS INVESTMENT PORTFOLIO
Background/Description of the Disclosure
SBS Philippines Corporation (“SBS” or “the “Company”) continues to expand its horizon for growth by making strategic investments in related assets and businesses. The Company, through additional subscription, will acquire additional shares of its affiliate, Aychester Holdings Corp., and subscribe in a related company, Goldchester Holdings Corp., in line with the diversification plan of SBS Group. Aychester Holdings Corp. (“Aychester”), an affiliate company of SBS, approved to increase its authorized capital stock. To maintain the Company’s shareholding interest of 25%, it will have to subscribe to such increase. Goldchester Holdings Corp. (“Goldchester”) on the other hand, is an affiliate of the Company through the direct investment of SBS Holdings and Enterprises Corporation (“SBS Holdings”), a subsidiary of the Company. The dilution of the Company’s interest in SBS Holdings inevitably resulted in an indirect dilution of its shareholdings in Goldchester. Thus, the Company will subscribe to up to 7.75% holdings in Goldchester through share subscription, which together with its indirect 9.15% shareholdings via SBS Holdings, will help maintain its holding interest.
Other Relevant Information
N/A