The offer will run from April 14 to May 16, 2025, targeting 100 million common shares, or 33.33 percent of ABG, at P2.552 per share.
The tender follows PremiumLands’ P510-million acquisition of a 67 percent stake in ABG, triggering the requirement to extend the same price to minority shareholders.
The initial tender offer was scheduled from March 10 to April 7 but was deferred.
ABG was among 2024’s top stock gainers, surging 770 percent to P26.20 before trading was suspended last Dec. 5.
Under Chua’s leadership, ABG will shift its focus 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.
