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AbaCore announced that it has terminated the memorandum of agreement with Greenergy to build a massive food terminal and logistics center in Batangas.

] to build a massive food terminal and logistics center in Batangas. The two companies signed the agreement in March of 2021. No reasons for the termination were provided. This is why I don’t put a lot of stock in memorandums of understanding or agreement, and especially any coming from ABA. Is ABA terminating the agreement to pivot to a new partner, or are they ditching the project altogether? If I were an ABA shareholder, I’d want to know a lot more about what my management team was up to.

Yesterday, I talked about DDMP in relation to the REIT Law’s requirement that REITs distribute at least 90% of their...

 

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