Abacore Capital Holdings, Inc. Approves Dividend, Payable on March 25, 2020
January 09, 2020 at 11:33 pm
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AbaCore Capital Holdings, Inc. announced that in a meeting held on January 9, 2020, the Corporation's Board of Directors, upon the recommendation of Management, approved the declaration of a cash dividend of 10%. The dividend will be payable on March 25, 2020 to the recorded shareholders on March 2, 2020.
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.