AbaCore Capital Holdings, Inc. has signed Memorandum of Agreement ("MOA") between ALA EH KNIT, INC. (ALAEH), a subsidiary of Philippine Regional Investment Development Corporation (PRIDE) and GREENERGY HOLDINGS INCORPORATED (GREEN) in connection with the development and operation of a logistics center and food terminal in a three (3)-hectare property in Barangay Santa Rita, Aplaya, Batangas City. The Joint Venture was approved as disclosed last March 17, 2021. The Subject Property is contiguous to the property of Libertad Logistics Integrated Zone Builders Development Corporation (LIBERTAD), valued at least PHP 6.5 billion. The proposed Food Terminal Project under the MOA with GREEN shall engage in the business of manufacturing, trading, storage and logistics requirements for the agricultural industry and other activities related thereto. On the basis of the MOA, ALAEH shall reorganize as follows: Change its primary purpose for entering into the Food Terminal, food logistics business; Increase its authorized capital stock to PHP 1.5 billion; Change its corporate name.