Asiabest Group International, Inc. (ABG) Tender Offer
Attention ABG Shareholders:
Please be advised that PremiumLands Corp. and Industry Holdings and Development Corporation (the Bidders) are conducting a tender offer to acquire up to 100,000,000 common shares constituting 33.33% of the outstanding common capital stock of Asiabest Group International, Inc. (ABG).
Details of the tender offer are as follows:
| Offer Period | April 14, 2025 – May 16, 2025 |
| Tender Offer Price | Php 2.552 |
| Cross Date | May 28, 2025 |
| Settlement Date | May 30, 2025 |
| Deadline To Tender | May 13, 2025, 12:00 pm |
For more information, the Tender Offer Report dated April 14, 2025 is available for downloading through the PSE Edge Website.
To participate in this tender offer, please email bpitradecorpact@bpi.com.ph using your BPI Trade registered email address, indicating the number of shares you wish to tender. The deadline for your response is 12:00 pm on May 13, 2025.
Also, please take note of the following terms and conditions:
- Shareholders may tender their shares to the Bidders during the Tender Offer Period. Only outstanding shares settled by May 13, 2025, and free from any claims or liens, will be accepted for the tender offer.
- The tendering shareholder shall receive the payment net of broker’s commission, stock transaction tax and other regular fees due on the transaction, all of which shall be for the account of the tendering shareholder. Payment for your tendered shares, net of fees, shall be credited to your BPI Trade Settlement Account (SETA) upon receipt by BPI Securities Corp. (BSC) of the cleared funds from the Tender Offer Agent.
- Deadline for acceptance of the tendered shares may be changed to an earlier or later date if the Bidders amend the schedule of the Tender Offer Period.
- BPI Securities Corporation (BSC) does not guarantee that the tender offer will be accepted by the Bidders.
- The application to tender shall constitute your firm commitment to BSC with respect to the shares tendered.
Should you have any questions, please feel free to e-mail bpitradecorpact@bpi.com.ph. You can also call the BPI Trade hotline at 8580-4000.
For your information and guidance.
