Asiabest Group International (ABG) plans to establish a new modular construction subsidiary with an authorised capital stock of US$1.7m and an initial subscribed capital of US$170,000. The Inquirer newspaper has reported that the new company, called ABG Modular, will initially operate in partnership with precast concrete and aggregates producer Concrete Stone. It will serve the residential, commercial and public construction segments.

ABG investor relations officer Jan Michael Lim said "The planned creation of ABG Modular is grounded on our mission in becoming a vertically integrated supply, logistics and production powerhouse.” Lim added that ABG Modular will begin by targeting ‘design-and-build contracts for housing developments and schools.’