MANILA, Philippines—Holding firm Abacore Capital Holdings is seen to benefit this year from a new revenue stream to be unlocked by investment house subsidiary, Philippine Regional Investment Development Corp. (PRIDE), from the group’s new energy hub project in Simlong, Batangas province.
In a disclosure to the Philippine Stock Exchange (PSE) on Wednesday, Abacore said PRIDE would likely generate P958 million in gross sales from the energy hub this first semester through its operating units, Adroit Realty Corp. and San Isidro Catholic Memorial Park Development Corp.
Adroit and San Isidro are expected to book earnings from seafront properties, through which PRIDE and affiliates are…
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