Who we are
Asiabest Group International Inc. (ABG), formerly known as AGP Industrial Corporation, has a rich history dating back to its registration with the Securities and Exchange Commission (SEC) on October 23, 1970, when it commenced operations as an investment holding company.
Notably, in 2011, ABG achieved SEC approval for a transformative quasi-organization and equity restructuring, significantly reducing its financial deficits and providing the necessary capital for strategic investments.In October 2011, ABG forged a Management Agreement with Option to Buy in collaboration with Geogen Corporation (Geogen). Under this agreement, ABG assumed management responsibilities for Geogen's mining operations in Dinapigue, Isabela, focusing on exploration and development over a five-year term. The Management Agreement came to a close in April 2015, marked by the payment of a pre-established termination fee.
From Investment Holding Company to Strategic Restructuring and Mining Ventures
The Management Agreement came to a close in April 2015, marked by the payment of a pre-established termination fee.In December 2011, ABG, in partnership with NiHao Mineral Resources International Inc. and Glencore International AG, jointly established GNA Resources International Limited (GNA) in accordance with Hong Kong's legal framework.
This strategic venture aimed to harness the collective mining expertise of the involved parties, with a focus on identifying, developing, and operating mining claims pertaining to nickel deposits in the Philippines. Subsequently, on May 29, 2017, ABG's board authorized the sale of the company's ownership stake in GNA.Later, on September 10, 2018, a consortium of ABG shareholders reached an agreement to divest 200 million common shares of ABG to Tiger Resort Asia Limited (TRAL). This transaction was followed by TRAL's initiation of a mandatory tender offer, concluding on January 9, 2019, marking a pivotal moment in ABG Group's evolving journey.
Our key qualities that makes us unique
These qualities enhance our business and financial prospects.
Adaptability
We demonstrated adaptability by undergoing a substantial transformation in its corporate structure, transitioning from an investment holding company to engaging in strategic investments and ventures, as approved by the SEC in 2011.Lorem ipsum dolor sit amet, consectetur adipiscing elit.
Strategic Collaboration
We entered into strategic partnerships and collaborations, as seen in its Management Agreement with Geogen Corporation and the establishment of GNA Resources International Limited in partnership with NiHao Mineral Resources International Inc. and Glencore International AG. These partnerships highlight our ability to leverage the expertise of other organizations for mutual benefit.
Financial Stewardship
Our ability to restructure its equity and eliminate deficits, as well as raise additional capital for our investment ventures, reflects our strong financial management and planning, positioning it for future growth and success.
Flexibility
The decision to terminate the Management Agreement with Geogen Corporation and later authorize the sale of the stake in GNA demonstrates a flexible approach to strategic decisions, adapting to changing circumstances and opportunities.
Our Team
Management Officers
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Let's reshape a brighter future together
Discover more about ABG and our vision for the future. Together, we're shaping history, one innovation at a time.
