Asiabest Group International Inc.
PPSE:ABG21.70
PHP
+0.10
(+0.46%)
Asiabest Group International Inc.
PSE:ABG
(Philippine Stock Exchange)
Recent
price
21.70
P/E
ratio
- -
div
yld
- -
ROIC.AI
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in mil. unless spec.- Similar Companies
- Business
- Asiabest Group International Inc. is a Philippines-based investment holding company primarily engaged in acquiring, managing, and holding equity securities and financial interests across diverse commercial, real estate, hospitality, leisure, and industrial enterprises. Founded in 1970 and headquartered in Taguig City, Metro Manila, Philippines, the company operates as a subsidiary of Tiger Resort Asia Limited, an affiliate of Japan-based Universal Entertainment Corporation. Asiabest Group International Inc. provides capital allocation, strategic investment holding, portfolio management, and corporate financing services, structured across core operational segments: Equity Investment and Holding Services, which encompasses acquiring controlling or minority equity stakes in publicly listed and private operating corporations; Strategic Asset Management, focusing on the administration, value optimization, and restructuring of investment holdings across hospitality, integrated resort gaming, commercial real estate, and natural resource ventures; and Treasury and Financial Management Services, involving liquidity administration, short-term debt instrument placement, and long-term capital preservation strategies. In recent developments, the company continues to advance strategic restructuring and corporate reorganization under its majority owner Tiger Resort Asia Limited, which acquired a 66.67 percent controlling interest with the long-term objective of facilitating a backdoor listing and capital market integration for Okada Manila, a premier integrated casino resort in Entertainment City, Parañaque. Over the recent operational period, the company has undertaken ongoing board and corporate governance realignments, streamlined its compliance framework with the Philippine Stock Exchange and Securities and Exchange Commission, and actively evaluated comprehensive capital expansion plans, prospective asset-injection transactions, and strategic alliances aimed at reactivating commercial operations within the Philippine hospitality, gaming, and leisure sectors.