C05704-2023

SECURITIES AND EXCHANGE COMMISSION
SEC FORM 17-C

CURRENT REPORT UNDER SECTION 17
OF THE SECURITIES REGULATION CODE
AND SRC RULE 17.2(c) THEREUNDER

1. Date of Report (Date of earliest event reported)
Jul 26, 2023
2. SEC Identification Number
98780
3. BIR Tax Identification No.
002-727-393
4. Exact name of issuer as specified in its charter
ABACORE CAPITAL HOLDINGS, INC.
5. Province, country or other jurisdiction of incorporation
METRO MANILA, PHILIPPINES
6. Industry Classification Code(SEC Use Only)
7. Address of principal office
135 J.P. RIZAL ST., BRGY. MILAGROSA, PROJECT 4, QUEZON CITY Postal Code 1109
8. Issuer's telephone number, including area code
(02) 8724-3759 / 8725-7875
9. Former name or former address, if changed since last report
ABACUS CONSOLIDATED RESOURCES & HOLDINGS, INC.
10. Securities registered pursuant to Sections 8 and 12 of the SRC or Sections 4 and 8 of the RSA
Title of Each Class Number of Shares of Common Stock Outstanding and Amount of Debt Outstanding
COMMON SHARE 4,185,934,029
AMOUNT OF DEBT OUTSTANDING AS OF MARCH 31, 2023 80,000,000
11. Indicate the item numbers reported herein
Item 9

The Exchange does not warrant and holds no responsibility for the veracity of the facts and representations contained in all corporate disclosures, including financial reports. All data contained herein are prepared and submitted by the disclosing party to the Exchange, and are disseminated solely for purposes of information. Any questions on the data contained herein should be addressed directly to the Corporate Information Officer of the disclosing party.

AbaCore Capital Holdings, Inc.ABA

PSE Disclosure Form 4-1 - Acquisition or Disposition of Assets References: SRC Rule 17 (SEC Form 17-C) and
Section 4.4 of the Revised Disclosure Rules

Subject of the Disclosure

Authority granted to executive officers to acquire and invest in a property located in Barangay Ulat, Silang Cavite with an area of 22.5 hectares.

Background/Description of the Disclosure

Disclosure is made in compliance with disclosure requirements for the investing public to appreciate the Corporations continued effort to replenish and enhance its land bank and investment properties and replace assets disposed at higher prices.

Date of Approval by
Board of Directors
Jul 24, 2023
Rationale for the transaction including the benefits which are expected to be accrued to the Issuer as a result of the transaction

Plan of the Corporation to develop the area into a residential area. Contiguous and nearby developments from other developers currently sell in market for 50-70 thousand per square meter.

Details of the acquisition or disposition
Date TBA
Description of the Transaction

Floor price of 5,000/sqm and ceiling price of 7,000/sqm subject to appraisal of independent appraiser. Terms and conditions for payment to be negotiated by management.

Manner

Payment will be in cash based on final terms and conditions to be negotiated by management

Description of the assets involved

Real property residential, 225,000 sqm, more or less

Terms and conditions of the transaction
Nature and amount of consideration given or received

Floor price of 5,000 per square meter ceiling 7,000 per square meter with a total of 225,000 sqm more or less for a total of P1,125,000,000 or P1,575,000,000 depending on final appraisal of independent appraiser of land.

Principle followed in determining the amount of consideration

Floor price of 5,000 per square meter ceiling 7,000 per square meter with a total of 225,000 sqm more or less for a total of P1,125,000,000 or P1,575,000,000 depending on final appraisal of independent appraiser of land.

Terms of payment

To be determined after negotiation with management

Conditions precedent to closing of the transaction, if any

To be determined subject to negotiation by management

Any other salient terms

-

Identity of the person(s) from whom the assets were acquired or to whom they were sold
Name Nature of any material relationship with the Issuer, their directors/ officers, or any of their affiliates
BLUE STOCK DEVELOPMENT HOLDINGS, INC. Stockholder of Abacore Capital Holdings, Inc.
Effect(s) on the business, financial condition and operations of the Issuer, if any

Increase in land inventory and investment properties of the corporation at prices lower than comparable properties

Other Relevant Information

-

If the transaction being reported is an acquisition, kindly submit the following additional information:
Source(s) of funds

Dividends from subsidiaries from sales of land, proceeds from operations of and advances from wholly-owned subsidiaries and affiliates.

If any asset so acquired by the issuer or its subsidiaries constituted plant, equipment or other physical property, state the nature of the business in which the assets were used by the persons from whom acquired and whether the issuer intends to continue such use or intends to devote the assets to other purposes, indicating such other purposes

N/A

Filed on behalf by:
Name Rico De Los Reyes
Designation Comptroller