Asiabest Group International Inc. (Asia Best or the Company) is a corporation registered under the laws of the Philippines primarily organized as an investment holdings corporation. It has three (3) subsidiaries namely Alta Minera, Inc., Breccia Resources, Inc. and Millionaire’s Offices and Properties, Inc.
On 14 October 2011, Asiabest entered into a Management Agreement with Option to Buy with Geogen Corporation. GEOGEN is a mining company and is a registered holder of a valid and existing mining claim in Dinapigue, Isabela. GEOGEN retained the services of ABG for the management of the exploration, development and mining operations of the mining area. ABG thus undertakes to provide Management Services to GEOGEN including management control and property administration over the daily and medium term operations of the Mining Area for a period of five (5) years.
Considering the upward trend in real estate and BPO relevant real estate, the Company tapped into possible investments into the real estate sector as its maiden project. An opportunity presented itself for Asiabest to engage again in business and revive its status as a publicly listed company with an offer for investments from investors who shall provide the seed capital for the Company’s projects. The Company, through Millionaire’s Offices and Properties, Inc., will acquire several office condominium units of Sunplaza Centre, a commercial/office condominium building located along Shaw Blvd., Mandaluyong City.
Asiabest was registered as an investment holdings corporation with the Securities and Exchange Commission on October 23, 1970 and was listed in the Philippine Stock Exchange (then Makati Stock Exchange) on July 10, 1979. After about a decade of dormancy, ABG was revived for operations in 2011 with the entry of new management.
The purposes for which Asia Best was formed are:
“To invest in, purchase, or otherwise acquire and own, hold, manage, use, sell, operate, assign, transfer, mortgage, pledge, encumber, exchange or otherwise dispose of, or deal in real and personal property of every kind and description, including shares of stock, bonds, debentures, notes, evidences of indebtedness, and other securities, contracts or obligations of any person, corporation or corporations, association or associations, domestic or foreign, for whatever lawful purpose or purposes the same may have been organized to pay therefore, in money or by exchanging therefore stocks, bonds or other evidences of indebtedness or securities of this or any other corporation, and while the owner or holder of any such real or personal property, stocks, bonds, debentures, contracts or obligations, to receive, collect and dispose of the interest, dividends, and income arising from such property and to possess and exercise in respect thereof all the rights, power, and privileges of ownership, including all voting powers as any stock so owned.” (Amended Articles of Incorporation)
Mission, Vision and Values
Asiabest shall strive to become one of the leaders in its industry through the development and implementation of strategic plans, operating goals and objectives across its entire organization of competent directors, management and personnel.
Board of directors, management team and executive officers
It is the Board of Directors’ (Board) responsibility to foster the long-term success of the Corporation, and to sustain its competitiveness and profitability in a manner consistent with corporate objectives and the best interests of shareholders. The Board’s role is one of stewardship. It is mandated to take care of the interests of the shareholders and protect their investments through the implementation of sound corporate policies and plans while maintaining its independent assessment on Management’s performance.
As currently provided under its By-laws, the Board is composed of nine (9) directors including two (2) independent directors.
The membership of the Board may be a combination of executive and non-executive directors (which include independent directors) in order that no director or small group of directors can dominate the decision- making process.
The non-executive directors should possess such qualifications and stature that would enable them to effectively participate in the deliberations of the Board.
For the year 2013 to 2014, the Company’s Board of Directors, Management Team and Executive Officers are as follows:
Board of Directors
Antonio V.F. Gregorio III
Delfin S. Castro, Jr.
Jose M. Crisostomo
Chi Ho Co
Richard William N. Palou
Jose Francisco Miranda
Manuel G. Acenas
Ramon Miguel V. Osmeña (Independent Director)
Helen G. Tiu (independent Director)
Management Team and Executive Officers
Antonio Victoriano F. Gregorio III
Chairman and President
Delfin S. Castro, Jr.
CFO / Treasurer
Venus L. Gregorio
Corporate Information Officer
Conglomerate map or group corporate structure
Number of shares
Paid up Capital