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)

Jan 10, 2025

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

8F Chatham House, 116 Valero St. Salcedo Village Makati City Postal Code 1227

8. Issuer's telephone number, including area code

(632) 88443819

9. Former name or former address, if changed since last report

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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, P1.00 par value	300,000,000

11. Indicate the item numbers reported herein

No. 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 4-13 - Clarification of News Reports References: SRC Rule 17 (SEC Form 17-C) and
Section 4.4 of the Revised Disclosure Rules

Subject of the Disclosure
Confirmation of the news article posted by InsiderPH.com

Source	InsiderPH.com
Subject of News Report	Leyte tycoon takes on nationwide housing gap, readies ABG tender offer
Date of Publication	Jan 9, 2025

Clarification of News Report
Relative to your query/ request for clarification of the information stated in the news article entitled “Leyte tycoon takes on nationwide housing gap, readies ABG tender offer” published by InsiderPH.com, the pertinent portion of which reads: “Rising tycoon Francis Lloyd Chua’s PremiumLands consortium is gearing up to make a buyout offer to minority stockholders of Asiabest Group International after purchasing nearly 67 percent of the listed shell company. ‘We’re looking at either January or February,’ said Jan Michael Lim, chief investment officer of Chua-led Premium Infinite Ventures, the parent firm of PremiumLands. Lim explained details were still being finalized, including the offer price. PremiumLands acquired ABG for P510 million. He said this is equivalent to P2.55 per share, which will serve as the floor price for the mandated tender offer. ‘Our financial advisor might have a different perspective so we’re listening to that. We just can’t go below P2.55,’ he said during an interview with reporters and editors. . . . .” Please be informed that PLC confirms the statements made by its officers as stated in the news article but clarifies that no final terms on the tender offer have been set yet. Final details of the tender offer will be released once PLC files the Mandatory Tender Offer Report with SEC and provided to ABG.
Other Relevant Information
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