MANILA, Philippines – Asiabest Group International Inc. (ABG) is injecting P70 million in fresh capital into ABG Modular Development Corp. to boost capacity and support growth.
In a disclosure on Monday, ABG said the investment increases its stake in ABG Modular, initially capitalized at P10 million.
READ: ABG bets on modular construction with new unit
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The board also approved raising the subsidiary’s authorized capital stock to P300 million from P100 million to support future growth.FEATURED STORIES
