Finance

Financial Services of AbaCore Capital Holdings, Inc.

As AbaCore Capital Holdings, Inc. transfers its real estate interests to Abacus Global Technovisions, Inc., its primary financial services subsidiary, Philippine Regional Investment Development Corporation (PRIDE), will intensify its focus on its core financial operations.

PRIDE’s Core Activities

PRIDE specializes in the financial packaging of real estate, industrial, logistics, and infrastructure projects. In addition, it provides underwriting services and acts as an issue manager for corporations preparing to go public. This comprehensive suite of services positions PRIDE as a key player in the financial markets, supporting the growth and development of various sectors.

Mutual Fund Ventures

PRIDE is expanding into the mutual fund sector with a P50 million investment in the Philippine International Infrastructure Fund (PIIF). Established in 2008, PIIF has an authorized capital of P200 million and a subscribed and paid-up capital of P50 million. The fund focuses primarily on securities of corporations involved in privatization, with an emphasis on infrastructure development. The registration of PIIF shares under the Securities Regulation Code is currently underway.

Stake in Pride Star Development Bank (PSDB)

PRIDE holds a 40% stake in Pride Star Development Bank (PSDB), a well-established 54-year-old financial institution with total resources of P110 million as of the end of 2009. The conversion of PSDB into a private development bank was approved by the Bangko Sentral ng Pilipinas in August 2009, further enhancing its capacity to serve the financial needs of its clients.

AbaCore Capital Holdings, Inc. continues to strengthen its presence in the financial services sector through strategic investments and partnerships, driving growth and innovation across diverse industries.