Chin, in a phone interview, said he called Toribiong to commend him for running a good and fair campaign.
Chin said he assured Toribiong that he will support his presidency.
“We all want this nation to prosper — we all want to be part of the solution,” the outgoing vice president said.
Chin added that “there is a time to let go,” although there are still over 700 absentee ballots to be tabulated today, Nov. 11.
He believes he won’t be able to overcome Toribiong’s 216-vote lead.
Toribiong for his part, said he acknowledges Chin’s gracious concession, but added, “It is not over yet — it’s premature to concede. I am cautiously optimistic, but until the fat lady sings, it’s not over and we are still waiting for the final results.”
As of Friday, Toribiong had 4,770 votes while Chin got 4,554.
On the early morning of Thursday, results from Koror, Airai and the rest of the states gave Toribiong a 264-vote lead, but this went down to 178 after the Saipan and Hawaii absentee votes were counted. Toribiong’s lead increased to 216 after the Guam absentee votes were tabulated.
The Palau Election Commission said of the 14,196 registered voters, 9,905 cast their ballots for a turnout rate of almost 70 percent.
