Our Business

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.

Our Company

Business Profile

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.



Antonio Victoriano F. Gregorio III

Chairman and President

Delfin S. Castro, Jr.

Director and Treasurer

Richard William N. Palou


Chi Ho Co


Job Adrian M. Ambrosio


Ramoncito B. Cabalu


Leonardo S. Gayao


Manuel G. Ong

Independent Director

Felixes G. Latonero

Independent Director

Venus L. Gregorio

Corporate Secretary

Antonio Victoriano F. Gregorio III, 43, Filipino, Director, Chairman and President.  Atty. Antonio Gregorio III graduated Second Honors, with a Juris Doctor from the Ateneo de Manila University in 1998 and passed the bar examinations in of 1999.  He finished both his Bachelor of Science Degree, Major in Management Engineering and a Bachelor of Arts, Major in Economics-Honors, from the Ateneo de Manila University, Magna Cum Laude. He was the valedictorian of his high school class in the Ateneo.   Atty. Gregorio sits as director and officer of various public and private companies, including, NiHao Mineral Resources International, Inc. (Chairman and President), Lodestar Investment Holdings Corporation (Chairman), Dizon Copper-Silver Mines (Director and CFO), Abacus Consolidated Resources and Holdings, Inc., Minerales Industrias Corporation, and GNA Resources International Limited, among other companies.

Delfin S. Castro, Jr., Filipino, 49, has served as Director since 9 December 2010.  He holds a Masters in Business Administration and a Bachelor of Science in Business Administration from the University of the Philippines.  He is currently Director and Treasurer of Geograce Resources Philippines Incorporated, Director and CFO of NiHao Mineral Resources International, Inc. and Chairman/President of Dizon Copper-Silver Mines, Inc.

Richard William N. Palou, Filipino, 67, has served as Director since 4 August 2008.  He is an MBA candidate and a graduate of Business Management at the Ateneo de Manila University.  He is the Director for the University Athletics at the Ateneo de Manila University (2004 to present).  He is also a Director of Vantage Investigation and Security Agency, Inc. (2007 to present), and First Philippine Wind Corporation (1997 to present) and President of Sports Vision Management Group, Inc. (2013-present).  He was a Director of DENAGA Pawnshop, Inc. (2007 to 2010).

Chi Ho Co, Filipino, 42, has served as Director since 4 February 2011.  He currently serves as Director and Officer of various companies including Lodestar Investment Holdings Corporation (President), Geograce Resources Philippines Incorporated (Chairman), NiHAO Mineral Resources International Inc. (Director), Hightower, Inc. (President), Glomedic Philippines, Inc. Banquets in Style, Inc., Cavite Apparel Corporation and Subic Bay Apparel Corporation, among other companies.

Job Adrian M. Ambrosio, 42, has served as Director since 16 December 2014. He graduated from the Ateneo de Manila University with a Bachelor of Arts Degree in Economics in 1994.  He thereafter studied law, also at the Ateneo de Manila University and graduated with a Juris Doctor in 1998.  He is a Cochran Fellow on Biofuels of the United States Department of Agriculture, holds a practice diploma on International Capital Markets and Loans from the College of Law of England and Wales, holds an international diploma in Computer Information Systems from the University of California and is a member of the State Bar of California.  Atty. Ambrosio has extensive business background and work experience in the field of law and finance.  He is currently the general counsel and Managing Director of BioEQ Energy.  His past employment includes Partner at PJS Law (2006-2014) and Special Counsel for the Department of Finance (2003).

Ramoncito B. Cabalu, 58, has served as Director since 16 December 2014. He graduated with a Bachelor of Arts degree major in Economics and Social Sciences at the University of the Philippines in 1977. Mr. Cabalu is a director and              President of a major entertainment company Circle Asia Group with major industry players to service the entertainment requirements of gaming companies in Manila and the emerging markets (2014). He is also currently a director and Partner of Maple Tree Investments (2014) and Vice-President/Partner for Business Development of Garco Minerals and Chemical Trading.  He started his career as Account Manager handling international conventions, exhibits & events for the Philippine International Convention Center (1977- 1979). In 1980, Mr. Cabalu formed his own company Karangalan Entertainment which brought to Manila American and European artists.  He also established Syndicated Marketing Specialists, Inc. and was President and Managing Director (1984-1998),  co-founded Universal Fabric Structure Philippines, in partnership with Universal Fabric  Structure USA as Founding Director and Chief Operating Officer (2000- 2002), Peak Entertainment Resources Corporation as President (2001-2004), entered into a joint venture with Transcontinental Records USA and co-founded East West Entertainment Corporation as Senior Vice-President and Chief Operating Officer (2002- 2004), co-founded Emma Entertainment & Management Corproration with venture capitalist partners from New York, USA and became the Chief Operating Officer of the company (2001- 2007). In 2007, Mr. Cabalu went back to Manila to establish Tri-Access Management Group (TAM Group) as Chairman& Chief Executive Officer (2007-2010). TAM Group produced and managed entertainment facilities for the gaming/casino facilities of the Philippine government.

Leonardo S. Gayao, 69, has served as Director since 10 December 2015. Atty. Gayao graduated from the San Beda College in 1973 with a Bachelor of Laws degree.  He has 40 years of proven track experience in the fields of corporate law, banking and finance and real estate.  He is currently the Director/President of Abacore Capital & Holdings, Inc (1995 to present), Director/President of Philippine Regional Investment Development Corporation (1995 to present).  He is also a Director of Lodestar Investment Holdings Corporation (2010 – present), Dizon Copper-Silver Mines, Inc. (2014-present), Director/Chairman of  Abacus Coal Exploration and Development Corporation (2009-present), Director/Chairman of Ominicor Industrial Estate & realty Center, Inc. (2009 to present), Director of Abacus Global Technovisions, Inc. (1993-present), Director/President of Blue Stock Development Holdings, Inc. (1993 – present), Director/President Hedge Issues Management & Leverage Advisors, Inc. (2009 – present), Director/President of Hedge Integrated Management Group, Inc. (2009-present), Director/Chairman of Alpha Asia Hotels & Resorts, Inc. (1991 – present), Director of Phil Star Development Bank (1997-present), Director/President of Vantage Relay Corporation (2009 –present) and Director/President fo Kapuluan Poprerties, Inc. (2009-present).  He was a Director of Pacific Online Systems Corporation (2007-2014).

Felixes G. Latonero, 41, has served as Independent Director since 10 December 2015. Mr. Latonero is an Independent Director of Lodestar Investment Holdings Corporation (2011-present). He was an Independent Director of Nihao Mineral Resources International, Inc. (2014 – 2015).  He is also the President of Nontrad Advertising and FGL Modular Cabinet System, Inc.  (2003-present).  He graduated in 1995 with a degree in Fine Arts from the EARIST.

Manuel G. Ong, 57, has served Independent Director since 10 December 2015. Mr. Manuel Ong studied Bachelor of Science major in Chemical Engineering from the Xavier School. He is an Independent Director of Nihao Mineral Resources International, Inc. (2009-present) and Geograce   Resources Philippines, Inc (2013-present), Lodestar Investment Holdings Corporation (2015 – present).  He is currently the Vice President and Technical Director of Industrial Welding Corporation.

Venus L. Gregorio, 46, has served as Corporate Secretary and Corporate Information Officer since 5 May 2011.  Atty. Venus L. Gregorio graduated with a Juris Doctor from the Ateneo de Manila University in 1998 and passed the bar examinations in 1999.  She has a Bachelor of Arts degree major in Political Science from the University of the Philippines.  Atty. Gregorio sits as Corporate Secretary and Corporate Information Officer of Lodestar Investment Holdings Corporation (2012 to present) and Asst. Corporate Information Officer and Assistant Corporate Secretary of Dizon Copper-Silver Mines, Inc. Asst. Corporate Secretary/Director of Cuervo Far East, Inc. (2005 to present), and Director of Tajima Yakiniku Inc. (2005 to present).  She was formerly a Director of Active Earnings Inc. (2003 to 2011), Carellan, Inc. (2003 to 2011), Carom, Inc. (2003 to 2011), Grand Pin Development Corporation (2004 to 2011), Hobitton, Inc. (2003 to 2011) and Weathertop, Inc. (2004 to 2011); Corporate Secretary of Cuisine Allurements, Inc. (2002 to 2011), Los Boldos, Inc. (2003 to 2011), Onion and Chives, Inc. (2003 to 2011).

Organizational Chart

Conglomerate map or group corporate structure

Shareholding structure


Number of shares

Amount (PhP)

Authorized Capital



Subscribed Capital



Paid up Capital



Par Value



Articles of incorporation and by-laws and all amendments

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