ABACORE Capital Holdings Inc. subsidiary Philippine Regional Investment Development Corp. (Pride) and Highsource Prime Building Inc. (Highsource) announced they have signed a memorandum of agreement for the development of several properties in Batangas.

The two companies will organize a joint venture corporation that will develop a four-star hotel, land and water amusement park with support facilities, 3D glass paradise, and a residential community and commercial establishments at the Montemaria tourism site in Pagkilatan, Batangas.

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