Listed firm Asiabest Group International, Inc. (ABG) has approved the valuation of three companies it plans to acquire as part of its expansion program.
In a meeting on November 5, 2025, ABG’s board approved the valuation of Concrete Stone Corp. (CSC) and Industry Movers Corp. (IMC), subsidiaries of Industry Holdings and Development Corp. (IHDC), and Kabalayan Housing Corp. (KHC), a subsidiary of Premium Lands Corp. (PLC). CSC is valued between ₱5.3 billion and ₱8.3 billion, corresponding to 212–332 million shares. IMC is valued between ₱3.9 billion and ₱5.5 billion, or 156–220 million shares, while KHC is valued between ₱800 million and ₱1.2 billion, representing 32–48 million shares.
The board’s approval allows management to finalize the terms of the transactions and secure the necessary clearances from the Securities and Exchange Commission and the Philippine Stock Exchange.
“These valuations mark a key step toward consolidating new strategic assets,” said ABG chairman and president Francis Lloyd Chua, noting that the planned acquisitions reflect the company’s focus on infrastructure, logistics, and mass housing.
The board also approved ABG’s audited third-quarter 2025 financial statements and set the annual stockholders’ meeting for February 23, 2026.
