In view of the materiality of the information contained herein, this disclosure is being published solely for information purposes. This is without prejudice to any regulatory action that the Exchange may take pursuant to its rules and regulations and as may be warranted by the circumstances.
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)
Mar 7, 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 CityPostal Code-
8. Issuer's telephone number, including area code
(632) 88443819
9. Former name or former address, if changed since last report
-
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
Item 9: Other items
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
Revised timeline of the conduct of tender offer
Background/Description of the Disclosure
Today, March 7, 2025, we were informed by Premiumlands Corp. (PLC) and Industrial Holdings and Development Corporation (IHDC) that the tender offer report will not be available today as previously anticipated since the fairness opinion report has not been finalized.
We will be apprised as soon as the fairness opinion report is finalized including the revised timeline of the of the completion of the tender offer report and the conduct of the tender offer, and we will disclose accordingly.
Other Relevant Information
The disclosure was amended due to the revision of the timeline of the conduct of the tender offer.