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 7, 2018

2. SEC Identification Number

42543

3. BIR Tax Identification No.

000-196-724

4. Exact name of issuer as specified in its charter

ASIABEST GROUP INTERNATIONAL INC.

5. Province, country or other jurisdiction of incorporation

PHILIPPINES

6. Industry Classification Code(SEC Use Only)

7. Address of principal office

22ND FLOOR THE PEAK TOWER, 107 LP LEVISTE ST., SALCEDO VILLAGE, MAKATI CITY Postal Code 1227

8. Issuer's telephone number, including area code

(632) 9289246

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 SHARES	300,000,000

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.

Asiabest Group International Inc.ABG

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
Foreign Ownership Restriction
Background/Description of the Disclosure
This is to inform the investing public that today, 7 November 2018, the Philippine Stock Exchange (“PSE”) effected the lifting of the foreign ownership restriction on Asiabest Group International Inc. (“Company” or “Asiabest”). The action is based upon the Company’s application and representations that it is not subject to foreign ownership restrictions considering that it is no longer engaged in the construction business and currently operates as a holding company. The Company’s primary purpose in its Amended Articles of Incorporation approved by the Securities and Exchange Commission is, in fact, that of a holdings company. In support of its request to lift the foreign ownership restriction, the Company also submitted to the PSE several applicable SEC Opinions. In view of the above and the PSE’s favorable action, it is confirmed that the previous foreign ownership restriction on Asiabest has been lifted by the PSE effective 7 November 2018 and as such, the shares of stock of the Company can be wholly or 100% owned by foreign nationals.
Other Relevant Information
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