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Asiabest Group International Inc.
| Asiabest Group International Inc. (ABG), formerly AGP Industrial Corporation, was registered with the Securities and Exchange Commission (SEC) on October 23, 1970 as an investment holding company. In 2011, the SEC approved ABG's application for quasi-organization and equity re-structuring thereby substantially wiping out its deficits and allowing the Company to raise additional capital needed for investments. In October 2011, ABG entered into a Management Agreement with Option to Buy with Geogen Corporation (Geogen) whereby the Company was contracted for the management of the exploration, development and mining operations of Geogen's mining area in Dinapigue, Isabela for a period of five years. In April 2015, the Management Agreement was cancelled upon payment of the agreed termination fee. In December 2011, ABG, together with NiHao Mineral Resources International Inc. and Glencore International AG established GNA Resources International Limited (GNA) under the laws of Hong Kong as a joint venture company to utilize their respective expertise in the mining industry for purposes of identifying, developing and operating mining claims of nickel deposits in the Philippines. On May 29, 2017, the Board of ABG authorized the sale of the Company's interest in GNA. On September 10, 2018, various shareholders of ABG agreed to sell 200 million ABG common shares to Tiger Resort Asia Limited (TRAL). Thereafter, TRAL conducted a mandatory tender offer which ended on January 9, 2019. Source: SEC Form 17-A (2022) |
| Sector | Holding Firms |
|---|---|
| Subsector | Holding Firms |
| Corporate Life | 50 |
| Incorporation Date | Oct 23, 1970 |
| Number of Directors | 7 |
| Stockholders' Meeting as per By-Laws | May - third Monday except holidays |
| Fiscal Year | 12/31 (Month/Day) |
| External Auditor | Reyes, Tacandong & Co. |
| Transfer Agent | BDO Unibank, Inc. - Trust and Investments Group |
| Business Address | 8th Floor Chatham House Building Valero cor. Rufino sts. Salcedo Village Makati City |
|---|---|
| E-mail Address | [email protected] |
| Telephone Number | (632) 844-3819/844-3871 |
| Fax Number | (632) 844-3935 |
| Website |
