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.
Chairman of the Board / President
Antonio Victoriano F. Gregorio III
Director / CFO / Treasurer
Delfin S. Castro, Jr.
Helen G. Tiu
Ramon Miguel V. Osmeña
Richard N. Palou
Jose M. Crisostomo
Chi Ho Co
Ramoncito B. Cabalu
Job Adrian M. Ambrosio
Corporate Secretary / CIO
Venus L. Gregorio
Antonio Victoriano F. Gregorio III, 42, 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.
Helen G. Tiu, Filipino, 54 has served as Independent Director since 13 December 2012. Atty. Helen received her Bachelor of Science degree in Business Administration and Accountancy (cum laude) from the University of the Philippines, Diliman in 1981 ranking 5th in her graduating class and Bachelor of Laws degree, also from the University of the Philippines, Diliman in 1987 ranking 6th in her graduating class. She received her Masters degree in Laws from the Harvard University in 1991. She is a Certified Public Accountant and a member of the Philippine Bar. She is currently Managing Director, Treasurer and Corporate Secretary of Lazaro, Bernardo Tiu and Associates and owner and Manager of H.G. Tiu Kaw Offices. She is currently a Director of Stratpoint Technologies, Inc. (since 2005), and President/Trustee of the Harvard Law School Alumni Association of the Philippines (since 2011). She also currently serves as Corporate Secretary of PSI Technologies Holdings, Inc. (since 1999), Philstar Global Corporation (since 2003), Igloo Supply Chain Philippines, Inc. (since 2009) and Assistant Corporate Secretary of Philstar Daily Inc., Pilipino Star Ngayon, Inc. and Pilipino Star Printing Co., Inc. She was the Corporate Secretary of PSi Technologies, Inc. (1997- March 2014), PSi Technologies Laguna, Inc. and PSitech Realty Inc. (1999-March 2014).
Ramon Miguel V. Osmeña, Filipino, 30, has served as Director since 7 October 2011. He received his Bachelor of Arts degree major in Philosophy from the University of California Los Angeles and Associate of Arts in Liberal Arts and Sciences from the West Los Angeles College. He is the President of Certified MOA Ammunition Corporation since May 2010 and Informal Assistant to Congressman Osmeña from June 2010 to 2013.
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 DENAGA Pawnshop, Inc. (2007 to present), Vantage Investigation and Security Agency, Inc. (2007 to present), and First Philippine Wind Corporation (1997 to present).
Jose C. Crisostomo, Filipino, 64, has served as Director since 9 December 2010. He holds a Masters of Business Administration from the California State University Hayward in Hayward, California, U.S.A. He is currently the Treasurer of Global Tech Mobile Online Corporation. He was the Motorpool Maintenance Manager of Peaksun Enterprises & Export Corporation (1996-1997), Maintenance Procedure Planner, Logistics Controller, Station Control Center Operations and Ramp Service Operations of San Francisco International Airport (1986-1995), Structural and Project Engineer of Bechtel Engineering Corporation (1978-1986), Senior Airways Communicator and Search and Rescue Coordinator of Civil Aeronautics Administration Domestic Airport (1972-1978), and Surveyor of Phil-rock Construction Company (1970-1972). He is a member of Manila Southwoods Golf and Country Club, Inc., Riviera Golf and Country Club, Inc., and Sherwood Hills Golf and Country Club.
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.
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 etablished 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.
Job Adrian M. Ambrosio, 41, 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).
Venus L. Gregorio, Filipino, 46, has served as Corporate Secretary and Corporate Information Officer since 5 May 2011. She graduated with a Juris Doctor from Ateneo de Manila University and passed the bar examinations in 1999. She holds a Bechelor of Arts in Political Science from the University of the Philippines. She is currently the Corporate Secretary and Corporate Information Officer of Lodestar Investment Holdings Corporation.
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