AbaCore Capital Holdings, Inc. Announces Executive Appointments
July 15, 2016 at 04:00 am EDT
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AbaCore Capital Holdings, Inc. approved the appointment of Regina O. Reyes as chair of nomination committee, Raul B. De Mesa and Leonardo S. Gayao as members of nomination committee. Raul B. De Mesa appointed as chair of audit committee, Martha R. Horrigan and Arturo V. Magtibay as members of audit committee. Leonardo S. Gayao appointed as chair of compensation and remuneration committee, Clarita T. Zarraga and Arturo V. Magtibay as members of compensation and remuneration committee.
AbaCore Capital Holdings, Inc. is a Philippines-based holding company. The Company has interests in the leasing of gaming equipment, gold and coal mining, real estate and financial services. The Company operates through three segments: holding company, real estate business and financial services. The holding company segment is primarily engaged in purchasing, owning, holding, transferring, or disposing of real property of every kind and description, including shares of stocks and other securities, contracts or obligations of any corporation or association. The real estate segment includes purchases of land for appreciation. The financial services segment is involved in the accumulation of deposits and extension of rural credits to small farmers and tenants and to deserving rural industries or enterprises. The Company holds 102 gold mining claims in Agusan del Sur and Surigao del Sur and seven coal blocks, each containing 1,000 hectares, located in Surigao del Sur.