The mandatory offer, set to end on April 7, 2025, follows PremiumLands’ P510-million acquisition of a 67 percent stake in ABG.
A total of 100 million common shares are up for grabs, allowing minority shareholders to cash out at the same price as the buyout deal.
The tender offer price reflects the floor price mandated under securities regulations, though final terms were reviewed with financial advisors.
The tender offer Report will be available by March 7, 2025, providing full details to investors, ABG said on Wednesday.
ABG was 2024’s top stock gainer, surging 770 percent to P26.20 per share before trading was suspended in December.
Shares of the company were last traded on Dec. 5, 2024 and were valued at P26.20 each.
Under Chua’s leadership, ABG will pivot to affordable housing and construction, with plans to acquire Kabalayan Housing Corp. by the third quarter of 2025 to expand in the mass-market real estate sector.
